Author Question: The exclusion of flood in a homeowners policy is an example of an A) excluded activity. B) ... (Read 77 times)

vicotolentino · **on:** Jul 11, 2018

The exclusion of flood in a homeowners policy is an example of an

A) excluded activity.
B) excluded condition.
C) excluded property.
D) excluded peril.

Question 2

Reasons why a peril may be considered uninsurable and therefore excluded from insurance contracts include which of the following?

I. The losses from the occurrence of the peril may be due to a predictable decline in value.
II. The losses from the occurrence of the peril may be incalculable and catastrophic.
A) I only
B) II only
C) both I and II
D) neither I nor II