Multiple Choice
Match the descriptions with their terms:
-_________________ restrict payments to some maximum amount of any one group of items of property.
A) Actual cash value
B) Aggregate dollar limits
C) coinsurance
D) disappearing deductible
E) franchise deductible
F) insuring agreement
G) mortgagee
H) mortgagee clause
I) named insured
J) named peril
K) open-perils agreement
L) pro-rata clause
M) pure premium
N) replacement cost
O) Specific dollar limits
Correct Answer:

Verified
Correct Answer:
Verified
Q6: Jane Smith insures her $30,000 house as
Q7: Match the descriptions with their terms:<br>-The _
Q8: Match the descriptions with their terms:<br>-When a/an
Q9: Insurance contracts exclude certain perils only because
Q10: Under the mortgagee clause the actions of
Q12: An insured has a building with an
Q13: Match the descriptions with their terms:<br>-The part
Q14: Match the descriptions with their terms:<br>-The clause
Q15: Under an appraisal clause, an impartial umpire
Q16: An insured is required to notify of