Homeowners policies have limits for items such as rare coins and jewelry. Which of the followingshould an insured homeowner consider obtaining if they have significant investments in these items?O A personal liability insurance riders.O A professional liability insurance rider.O A scheduled personal property endorsement.An automatic inflation adjustment endorsement.

If an individual owns some expensive items like antique articles, jewelry, fine arts, etc. then such…

Homeowners policies have limits for items such as rare coins and jewelry. Which of the following should an insured homeowner consider obtaining if they have significant investments in these items? A personal liability insurance riders. A professional liability insurance rider. O A scheduled personal property endorsement. An automatic inflation adjustment endorsement.

Homeowners policies have limits for items such as rare coins and jewelry. Which of the following should an insured homeowner consider obtaining if they have significant investments in these items? A personal liability insurance riders. A professional liability insurance rider. O A scheduled personal property endorsement. An automatic inflation adjustment endorsement.

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter10: Managing Property And Liability Risk

Section: Chapter Questions

Problem 5LTAI

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uge to or loss of a dwelling and personal property of of g protects the beneficiary against the financial aspects of a traffic accident. TUSS, damage, or injury. May result in either financial gain or financial loss. 24. Financial service used to protect against loss. 25. Completion Amount of money or other services to which you are entitled under the terms of your insurance policy. Complete each statement. 26. A(n) endorsement 27. The Premium is an attachment to existing insurance coverage. is the amount the insured pays for insurance coverage. 28. The amount the insured is responsible for paying when a claim is made is the deductible 29. The process of documenting a loss against an insurance policy is called filing a(n) Claim 30. depreciation is a decrease in the value of property as a result of age or wear and tear. 31. The replacement cost minus depreciation is known as actual cash value 32. All 50 states have financial responsibility laws that require drivers to show proof of…
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