Property is covered under the personal property coverage

Assignment Help Financial Management

Reference no: EM131998085

1. Which of the following property is covered under the personal property coverage (Coverage C) of the Homeowners 3 policy?

a) a pet dog owned by the named insured b) a bicycle owned by a foster child living with the named insured c) a motor vehicle owned by the named insured. d) a stamp collection insured under a separate policy

2. An insurer cannot contest a policy after the contestable period has ended, except in the case that:

a.) The beneficiary purchased the policy with the intent of murdering the insured. b.) The insured dies of lung cancer after claiming to be a non-smoker. c.) The applicant has someone else take the medical examination required for policy approval for her. d.) The policy owner misstated his age during the application process.

Reference no: EM131998085

Questions Cloud

The least-expensive car for new delivery service : You are trying to pick the least-expensive car for your new delivery service.

Preferred stock in the computation of farcry wacc : What weight should you use for preferred stock in the computation of FarCry’s WACC?

Assume the appropriate weighted average tax rate : Assume the appropriate weighted average tax rate is 34 percent. What will be TapDance’s WACC?

Calculate the return on assets and profit margin : Calculate the profit margin. Calculate the profit margin. Calculate the basic earnings power. Calculate the return on assets.

Property is covered under the personal property coverage : Which of the following property is covered under the personal property coverage (Coverage C) of the Homeowners 3 policy?

Reviewing insurance policy contract : Robert is reviewing an insurance policy contract, Why do insurance companies include a section for exclusions in their policy documents?

About open-perils coverage is true : Which of the following statements about "open-perils" coverage is/are true?

Regarding the taxation of individual annuities : Which of the following statements regarding the taxation of individual annuities is/are true?

Bridget started to fund variable annuity : Bridget started to fund a variable annuity. Three years later, she ran into serious financial difficulties.

User Account

All Pages