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90 questions remaining Which one (1) of the following situations may have an effect upon the premium charged for a Homeowners Comprehensive polic A) Theft coverage on unscheduled jewellery up to a $2,000 limit. CB) The house is unoccupied for three (3) months during the winter. DC) The insured installs a wood burning stove. D) The insured's mother-in-law moves into the house.

90 questions remaining Which one (1) of the following situations may have an effect upon the premium charged for a Homeowners Comprehensive polic A) Theft coverage on unscheduled jewellery up to a $2,000 limit. CB) The house is unoccupied for three (3) months during the winter. DC) The insured installs a wood burning stove. D) The insured's mother-in-law moves into the house.

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50 questions remaining Which one (1) of the following situations may have an effect upon the premium charged for a Homeowners Comprehensive policy/ A) Theft coverage on unscheduled jewellery up to a $2,000 limit. B) The house is unoccupied for three (3) months during the winter. DC) The insured installs a wood burning stove. D) The insured's mother-in-law moves into the house.
Transcribed Image Text:50 questions remaining Which one (1) of the following situations may have an effect upon the premium charged for a Homeowners Comprehensive policy/ A) Theft coverage on unscheduled jewellery up to a $2,000 limit. B) The house is unoccupied for three (3) months during the winter. DC) The insured installs a wood burning stove. D) The insured's mother-in-law moves into the house.
Your clients insure their condominium unit under a Condominium Unit Owners Comprehensive policy, subject to $1,000 deductible, with no extensions. The building suffers severe damage by earthquake, which is covered by the Condominium Corporation's insurance, but there is insufficient insurance to cover the loss in full. The Condominium Corporation assesses each unit owner $5,000 to cover the shortfall in its policy. 25% of the unit owners are uninsured for Loss Assessments. How much of the assessment will your clients policy pay? $5,000.00 $4,000.00 75% of $5,000. Nothing.
Transcribed Image Text:Your clients insure their condominium unit under a Condominium Unit Owners Comprehensive policy, subject to $1,000 deductible, with no extensions. The building suffers severe damage by earthquake, which is covered by the Condominium Corporation's insurance, but there is insufficient insurance to cover the loss in full. The Condominium Corporation assesses each unit owner $5,000 to cover the shortfall in its policy. 25% of the unit owners are uninsured for Loss Assessments. How much of the assessment will your clients policy pay? $5,000.00 $4,000.00 75% of $5,000. Nothing.
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