Author Question: Which of the following statements about endorsements to the homeowners policy is (are) true? I. ... (Read 76 times)

robinn137 · **on:** Jul 11, 2018

Which of the following statements about endorsements to the homeowners policy is (are) true?

I. The purpose of the inflation guard endorsement is to help prevent home owners from being under-insured.
II. The purpose of the watercraft endorsement is to provide coverage for watercraft when they are used outside the United States.
A) I only
B) II only
C) both I and II
D) neither I nor II

Question 2

Which of the following statements about the additional coverage for damage to property of others in Section II of the homeowners policy is true?

A) The maximum amount of coverage is 25,000 per occurrence.
B) Payments are made on the basis of the replacement cost of the damaged property.
C) There is coverage for property damage arising out of a business engaged in on a full-time basis by an insured.
D) There is coverage for intentional property damage by any insured who is a teenager.