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ditional Conditions of a Personal Property Policy in Ference to Parts. Which one (1) of the following stat out "Parts" is correct? erty is made up of several parts, loss or damage to any one or mor nsidered loss or damage to the entire property. erty consists of several parts, each part must be scheduled individu , otherwise only a total loss will be recoverable. rty consists of several parts, the insurer is only liable for the insure t or damaged part, including the cost of installation. rty consists of several parts, the insurer is only liable for the propor alue of the property which the number of damaged or lost parts b

ditional Conditions of a Personal Property Policy in Ference to Parts. Which one (1) of the following stat out "Parts" is correct? erty is made up of several parts, loss or damage to any one or mor nsidered loss or damage to the entire property. erty consists of several parts, each part must be scheduled individu , otherwise only a total loss will be recoverable. rty consists of several parts, the insurer is only liable for the insure t or damaged part, including the cost of installation. rty consists of several parts, the insurer is only liable for the propor alue of the property which the number of damaged or lost parts b

Principles Of Marketing
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Additional Conditions of a Personal Property Policy include a reference to Parts. Which one (1) of the following statements about "Parts" is correct? If a property is made up of several parts, loss or damage to any one or more parts will be considered loss or damage to the entire property. If a property consists of several parts, each part must be scheduled individually in the policy, otherwise only a total loss will be recoverable. If a property consists of several parts, the insurer is only liable for the insured value of the lost or damaged part, including the cost of installation. If a property consists of several parts, the insurer is only liable for the proportion of the total value of the property which the number of damaged or lost parts bears to the total number of parts in the property.
Transcribed Image Text:Additional Conditions of a Personal Property Policy include a reference to Parts. Which one (1) of the following statements about "Parts" is correct? If a property is made up of several parts, loss or damage to any one or more parts will be considered loss or damage to the entire property. If a property consists of several parts, each part must be scheduled individually in the policy, otherwise only a total loss will be recoverable. If a property consists of several parts, the insurer is only liable for the insured value of the lost or damaged part, including the cost of installation. If a property consists of several parts, the insurer is only liable for the proportion of the total value of the property which the number of damaged or lost parts bears to the total number of parts in the property.
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