This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements regarding the Coverage E limit in the homeowners policy is true? ... (Read 63 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
Which of the following statements regarding the Coverage E limit in the homeowners policy is true?
 
  A) It is an aggregate limit, and once the amount paid for one or more claims reaches the limit, no additional coverage is provided.
  B) The limit applies only if a court orders the insured to paythere is no coverage for settlements reached out-of-court.
  C) Any legal defense costs incurred by the insurer are counted against the limit of liability.
  D) The limit applies on a per-occurrence basis to bodily injury and property damage liability.

Question 2

Liability arising out of which of the following is covered under Coverage E of an unendorsed Homeowners 3 policy?
 
  A) use of the insured's auto on a public road
  B) use of the insured's golf cart at a golf course
  C) use of the insured's motorcycle on a highway
  D) use of the insured's 40-foot boat with a 200 horsepower engine



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Answer to Question 1

Answer: D

Answer to Question 2

Answer: B




cartlidgeashley

  • Member
  • Posts: 572
Reply 2 on: Jul 11, 2018
Gracias!


AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

For a complete list of videos, visit our video library