Kimberly has lost one of her diamond earrings and wishes to claim the loss. The earrings were not scheduled separately on her policy. What information would the broker provide Kimberly with respect to her claim? OA) Kimberly can claim the value of one earring subject to her deductible and special limits of insurance on her policy. OB) Kimberly can claim the value of the pair of earrings subject to her deductible and special limits of insurance on her policy. OC) Kimberly cannot claim for the loss of the pair of earrings as these were not scheduled on her property policy. OD) Kimberly can claim for the loss of the pair of earrings as her policy contains a replacement cost endorsement.
Kimberly has lost one of her diamond earrings and wishes to claim the loss. The earrings were not scheduled separately on her policy. What information would the broker provide Kimberly with respect to her claim? OA) Kimberly can claim the value of one earring subject to her deductible and special limits of insurance on her policy. OB) Kimberly can claim the value of the pair of earrings subject to her deductible and special limits of insurance on her policy. OC) Kimberly cannot claim for the loss of the pair of earrings as these were not scheduled on her property policy. OD) Kimberly can claim for the loss of the pair of earrings as her policy contains a replacement cost endorsement.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:Kimberly has lost one of her diamond earrings and wishes to claim the loss. The earrings were not scheduled
separately on her policy. What information would the broker provide Kimberly with respect to her claim?
OA) Kimberly can claim the value of one earring subject to her deductible and special limits of insurance on her
policy.
OB) Kimberly can claim the value of the pair of earrings subject to her deductible and special limits of insurance
on her policy.
OC) Kimberly cannot claim for the loss of the pair of earrings as these were not scheduled on her property
policy.
OD) Kimberly can claim for the loss of the pair of earrings as her policy contains a replacement cost
endorsement.
Transcribed Image Text:O.A.F. 2 Driver's Form is designed for which one (1) of the following situations?
OA) A firm whose employees use their own automobiles on behalf of their employer.
OB) An individual who does not own an automobile but is frequently required to operate vehicles owned by others.
OC) An individual who owns his/her own automobile but frequently drives vehicles belonging to someone else.
OD) The owner of a private passenger automobile, the repair of which is delayed by a parts shortage, who rents a
substitute vehicle in the interim.
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