ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Which one (1) of the following situations may have an effect upon the premium charged for a Homeowners Comprehensive policy? OA) Theft coverage on unscheduled jewellery up to a $2,000 limit. OB) The house is unoccupied for three (3) months during the winter. OC) The insured installs a wood burning stove. OD) The insured's mother-in-law moves into the house.
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Transcribed Image Text:Which one (1) of the following situations may have an effect upon the premium charged for a Homeowners Comprehensive policy? OA) Theft coverage on unscheduled jewellery up to a $2,000 limit. OB) The house is unoccupied for three (3) months during the winter. OC) The insured installs a wood burning stove. OD) The insured's mother-in-law moves into the house.
Your insured is employed at a local garage as a mechanic. The garage premises are burglarized and the insured's tools and tool box are stolen. Is there any coverage under your insured's Homeowners Comprehensive policy for this loss? OA) The claim would be paid subject to 10% limit on personal property away from premises and the deductible applicable. OB) No, this type of property is covered only while on the insured's premises. OC) The loss would only be covered if forcible signs of entry were visible. OD) Payment will be made subject to 10% limit and deductible, if the insured can provide proof of purchase of the stolen items.
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Transcribed Image Text:Your insured is employed at a local garage as a mechanic. The garage premises are burglarized and the insured's tools and tool box are stolen. Is there any coverage under your insured's Homeowners Comprehensive policy for this loss? OA) The claim would be paid subject to 10% limit on personal property away from premises and the deductible applicable. OB) No, this type of property is covered only while on the insured's premises. OC) The loss would only be covered if forcible signs of entry were visible. OD) Payment will be made subject to 10% limit and deductible, if the insured can provide proof of purchase of the stolen items.
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