Author Question: Which of the following statements concerning coverage under the Homeowners 3 policy is true? A) ... (Read 61 times)

mrsjacobs44 · **on:** Jul 11, 2018

Which of the following statements concerning coverage under the Homeowners 3 policy is true?

A) If a power failure away from the insured dwelling causes a loss, the loss is covered.
B) If a Coverage C peril causes a collapse, the resulting damage is covered.
C) If an insured peril damages a portion of a pair or set (e.g. matching lamps or end tables), the insurer must pay the full value of the entire pair or set.
D) If a discharge from a home appliance causes the home to flood, the loss is excluded. .

Question 2

Past relationships among variables on the balance sheet and income statement are typically POOR predictors of the future.

Indicate whether the statement is true or false