Broader coverage than the causes-of-loss special form

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Reference no: EM131300320

TRUE/FALSE: Circle the letter of the correct answer.

1. The causes-of-loss broad form provides broader coverage than the causes-of-loss special form.

2. If the insured underreports the property value under a reporting form, recovery is limited to the proportion the last value reported bears to the actual value that should have been reported.

3. Business income (and extra expense) coverage provides limited coverage if business is interrupted as a result of a computer hacker breaking into a company’s computer system.

4. Continuing expenses are not covered under business income insurance.

Reference no: EM131300320

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