Guy takes out a property insurance policy on his home,buying the policy from Ace Insurance.Guy's home was damaged when a contractor,building an addition to his neighbor's home,negligently swung a crane through Guy's dining room wall.Ace Insurance may force Guy to seek compensation from the contractor.
Correct Answer:
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Q1: Property insurance policies are indemnity contracts.
Q3: Punitive damages are allowed when the insurer's
Q4: Under modern rules in all states,the insured's
Q5: As a general rule,liability insurance policies furnish
Q6: Generally in business liability policies,if the insured
Q7: The insured is not entitled to recover
Q8: Consideration on an insurance contract is the
Q9: The term for the person who receives
Q10: Most property insurance policies are open policies
Q11: If the insured misrepresented material facts in
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