An insured requests to add a rental property onto their Homeowner's policy and tells their Broker that a family will be moving in. Two months later, there is a fire resulting in a total loss of the rental property. Upon inspection, the claims adjuster discovers that the property was rented to four students instead. How will the policy respond to the loss? OA) Deny the claim as the fire is not an insured peril. B) Deny the claim due to material change in risk in the occupancy. OC) Cover the loss as the type of tenant does not matter. OD) Cover the loss, but subrogate against the students' insurance policy. remaining What is an endorsement? OA) An amendment that changes the policy terms & conditions OB) An addition to the policy wordings OC) A different version of the policy wordings OD) A mandatory rule applicable to all the policies

An insured requests to add a rental property onto their Homeowner's policy and tells their Broker that a family will be moving in. Two months later, there is a fire resulting in a total loss of the rental property. Upon inspection, the claims adjuster discovers that the property was rented to four students instead. How will the policy respond to the loss? OA) Deny the claim as the fire is not an insured peril. B) Deny the claim due to material change in risk in the occupancy. OC) Cover the loss as the type of tenant does not matter. OD) Cover the loss, but subrogate against the students' insurance policy. remaining What is an endorsement? OA) An amendment that changes the policy terms & conditions OB) An addition to the policy wordings OC) A different version of the policy wordings OD) A mandatory rule applicable to all the policies

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

What the impact Covid19 in small business?
A consumer who starts at point B will want to borrow, but as little as possible in order to minimise the cost of interest. is it true or false
Find APS if savings is $505 and the income is $810
Write any two precautions of income method
How about 5-7?
Pls help ASAP
how did you get 30.205?