Who owns thier renewals
~~> Independents
Events that may NOT be recovered by insurance are
~~> Gambling, investing, market value of home
What underlying coverages typically are required for an umbrella
~~> Auto and Personal
Conditions that prohibit assignments of the policy
...
Fire Dep. service charge, reason repairs and debris removal are considered
what on an HO?
✓ ~~> Additional Charges
In an HO coverage for fair rental is included in
✓ ~~> Coverage D
How is combined ratio computed?
✓ ~~> Adding Loss + Expense Ratio
Not purchasing collision coverage for your car is an example of risk
✓ ~~> Retention
Not purchasing a motorboat is an example of
✓ ~~> Avoidance/ elimination
Installing sprinkler system in your home is an example of risk
✓ ~~> Reduction
Master01 | September, 2024/2025 | Latest update
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