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Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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
Transcribed Image Text:Which one (1) of the following can affect the amount of settlement an
insured would receive as a result of an insured loss?
All perils rider.
Named perils rider.
Co-insurance clause.
Subrogation clause.

Transcribed Image Text:Marlena, the Insured, contacted Patrick, the Broker, to report a claim.
Marlena's basement is flooded after a pipe burst in the basement.
Marlena has a homeowners package under a comprehensive form. Which
coverage is Marlena required to have for this claim to be covered?
The claim is covered under Marlena's comprehensive homeowners package.
Overland Water endorsement.
Ground Water endorsement.
Sewer Backup endorsement.
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