Which of the following is an example of risk retention?
A) Not driving an automobile to avoid having an accident
B) Wearing a safety belt when driving
C) Purchasing auto insurance
D) Having a $200 deductible clause on your auto insurance policy
Correct Answer:
Verified
Q33: John Biner's roof was totally ruined by
Q34: A new roof costs $10,000.Assume that the
Q35: The coinsurance provision in the homeowners' policy
Q36: A policy that reimburses you for losses
Q37: Joan insures her house (with a market
Q39: The main purpose of the coinsurance clause
Q40: Which of the following terms indicates homeowners'
Q41: Which of the following is a correct
Q42: Which of the following would not be
Q43: The apportionment clause ensures that
A)damages are appropriately
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