What is the failure to use that degree of care which n ordinary person of reasonable prudence would use under similar circumstances? – answer Negligence
What is a situation involving a person other than an insured? – answer Third Party Loss
What is the responsibility to another for one's ...
What is the failure to use that degree of care which n ordinary person of reasonable prudence would
use under similar circumstances? – answer Negligence
What is a situation involving a person other than an insured? – answer Third Party Loss
What is the responsibility to another for one's negligence? – answer Liability
Mary has a homeowner's policy. Her Coverage a limit of liability is $250,000 and her Coverage B limit of
liability is $125,000. Her policy has a 2% deductible. What is her deductible? – answer $5,000
The part of the insurance policy that details the rights and duties of the insured and the insurance
company in the policy? – answer Conditions
What is a partial legal defense that reduces the amount of damages that a person can recover based
upon the amount that this person's own negligence contributed to the loss? – answer Comparative
Negligence
Value of property based on the current cost to replace it minus depreciation? – answer Actual Cash Vale
This type of Auto Coverage pays for your damages if you were involved in a hit and run: - answer
Uninsured Motorist
What is the cost associated with replacing property at current market prices? – answer Replacement
Cost
The process when an insurer and insured have a dispute regarding the amount of the damage: - answer
Appraisal
The intentional misrepresentation of a material fact that may void a contract? – answer Fraud
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