Author Question: Which of the following is a characteristic of most inland marine floater policies? A) The ... (Read 54 times)

dakota nelson · **on:** Jul 11, 2018

Which of the following is a characteristic of most inland marine floater policies?

A) The insurance can be tailored to the specific type of personal property insured.
B) Coverage amounts are pre-specified by the insurer and cannot be changed.
C) Coverage is normally written on a named-perils basis.
D) Covered property is insured only when it is at a specified location.

Question 2

Which of the following statements about the Personal Articles Floater is (are) true? I. It is designed to cover several classes of personal property. II. Coverage is written on an open perils (all-risks) basis.

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