Multiple Choice
Match the descriptions with their terms:
-The _________________ protects the interest of the lending institution when a loan is made on a building.
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
Q2: In the case in the previous question,
Q3: Match the descriptions with their terms:<br>-The person
Q4: Inflation could cause an insured to suffer
Q5: Match the descriptions with their terms:<br>-In property
Q6: Jane Smith insures her $30,000 house as
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
Q11: Match the descriptions with their terms:<br>-_ restrict
Q12: An insured has a building with an