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Which one (1) of the following can affect the amount of settlement an insured would receive as a result of an insured loss? 4 All perils rider. Named perils rider. Co-insurance clause. Subrogation clause.

Which one (1) of the following can affect the amount of settlement an insured would receive as a result of an insured loss? 4 All perils rider. Named perils rider. Co-insurance clause. Subrogation clause.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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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: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.
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.
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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