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esses each unit owner $500 to cover the deductible under its Master Policy on the building. How much would your client Assessment coverage. The building suffers severe damage in a fire. The Condominium Corporation dominium Unit Owners Comprehensive policy. The policy includes y pay? A) 80% of $500 because all Condominium Corporation Master Policies are subject to 80% co-insurance. B3) $500 less the policy deductible. =) $500.00

esses each unit owner $500 to cover the deductible under its Master Policy on the building. How much would your client Assessment coverage. The building suffers severe damage in a fire. The Condominium Corporation dominium Unit Owners Comprehensive policy. The policy includes y pay? A) 80% of $500 because all Condominium Corporation Master Policies are subject to 80% co-insurance. B3) $500 less the policy deductible. =) $500.00

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90 questions remaining Your client insures his/her condominium unit under a Condominium Unit Owners Comprehensive policy. The policy includes $10,000 Property Loss Assessment coverage. The building suffers severe damage in a fire. The Condominium Corporation assesses each unit owner $500 to cover the deductible under its Master Policy on the building. How much would your client's policy pay? OA) 80% of $500 because all Condominium Corporation Master Policies are subject to 80% co-insurance. 8) $500 less the policy deductible. OC) $500.00 CD) Nothing.
Transcribed Image Text:90 questions remaining Your client insures his/her condominium unit under a Condominium Unit Owners Comprehensive policy. The policy includes $10,000 Property Loss Assessment coverage. The building suffers severe damage in a fire. The Condominium Corporation assesses each unit owner $500 to cover the deductible under its Master Policy on the building. How much would your client's policy pay? OA) 80% of $500 because all Condominium Corporation Master Policies are subject to 80% co-insurance. 8) $500 less the policy deductible. OC) $500.00 CD) Nothing.
90 of 90 Your insured and family have rented the same seasonal residence for many years. Each spring they transport personal property consisting of clothing, linens and groceries from their principal residence to the cottage. These are valued at $5.000. While they are on holiday at the cottage, a fire occurs destroying it and its contents. How much would your insured's $90,000 Homeowners Comprehensive policy pay if subject to $200 deductible? $2,500.00 $5,000.00 14,800.00
Transcribed Image Text:90 of 90 Your insured and family have rented the same seasonal residence for many years. Each spring they transport personal property consisting of clothing, linens and groceries from their principal residence to the cottage. These are valued at $5.000. While they are on holiday at the cottage, a fire occurs destroying it and its contents. How much would your insured's $90,000 Homeowners Comprehensive policy pay if subject to $200 deductible? $2,500.00 $5,000.00 14,800.00
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