An example of a non-insurance transfer

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Reference no: EM131583640

1. An example of a non-insurance transfer is:

a. a homeowner has an alarm company install a house alarm

b. a corporation decides not to insure a company car

c. a rental company makes the customer sign a promise to return a carpet-washer in its original condition

d. a business sells off a chemical-processing plant

2. In order to make a claim on a coverage extension, it must include:

a. a coinsurance percentage of 20-30%

b. a coinsurance percentage of 50-60%

c. a coinsurance of 20% or less

d. a coinsurance percentage of at least 80% or more

Reference no: EM131583640

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