Author Question: Steve and Mary are art collectors. They own lithographs, etchings, and vintage photographs valued at ... (Read 40 times)

karlynnae · **on:** Jul 11, 2018

Steve and Mary are art collectors. They own lithographs, etchings, and vintage photographs valued at over 250,000. Steve and Mary display their art collection at their home. They can insure this valuable personal property through a

A) title insurance policy.
B) dwelling property form.
C) personal articles floater form.
D) personal umbrella policy.

Question 2

Which of the following statements concerning FAIR plans is (are) true? I. All property is eligible for coverage regardless of physical condition. II. Losses and expenses are shared by insurers who participate in a plan.

A) I only
B) II only
C) both I and II
D) neither I nor II