Multiple Choice
Property insurance should correspond to the actual value of the property for all of the following reasons except
A) if the property is insured for more, the insured will pay too high a premium.
B) no insurance means no compensation for loss.
C) if the property is insured for less, the insured will only receive partial compensation.
D) if the property is insured for less, there is a danger of being a co-insurer.
E) if the property is insured for more, there will be no compensation for loss.
Correct Answer:

Verified
Correct Answer:
Verified
Q75: A recent innovation in the insurance industry
Q76: When the Court recognizes pre-existing frailties and
Q77: What test is used to establish a
Q78: What is the forfeiture rule?
Q79: What elements must be established in order
Q81: Joe was a customer in Sam's store
Q82: Ms. J was severely injured as the
Q83: With respect to limitation clauses in standard
Q84: The principle that we must take our
Q85: Business interruption insurance is designed to cover