Author Question: A strip-mall includes eight identical-sized retail units. All of the units were built at the same ... (Read 52 times)

scienceeasy · **on:** Jul 11, 2018

A strip-mall includes eight identical-sized retail units. All of the units were built at the same time and each has an identical sprinkler system.

Unit number two is a dry cleaning business. Unit number three is a bar and grill. Unit number four is a dress shop. The owners of these three units are all insured by the same insurance company, but the property insurance premiums vary significantly. Which of the following rating factors best explains the difference in premiums?
A) exposure
B) protection
C) construction
D) occupancy

Question 2

In schedule rating, each building is individually rated on several factors. One factor refers to the quality of the city's water supply and fire department, and the risk control devices installed in the building. This factor is called

A) exposure.
B) occupancy.
C) protection.
D) housekeeping.