Author Question: All of the following statements about yacht insurance are true EXCEPT A) Property damage coverage ... (Read 135 times)

silviawilliams41 · **on:** Jul 11, 2018

All of the following statements about yacht insurance are true EXCEPT

A) Property damage coverage includes damage from insects, weathering, and wear and tear.
B) Liability coverage includes the cost of raising, removing, or destroying a sunken or wrecked yacht.
C) Coverage can be added for maritime workers covered by the United States Longshoremen and Harbor Workers Compensation Act.
D) Medical payments coverage pays for medical expenses because of accidental bodily injury.

Question 2

Dissavings can

A)

decrease assets and net worth.
B)

decrease both assets and liabilities.
C)

decrease net worth only.
D)

decrease assets only or liabilities only.