Being mindful, respectful and accommodating of the differences that make us distinct is typically found in what kind of policy or practice? OA) Operations & Procedures B) Diversity, Equity and Inclusion OC) Ontario Automobile OD) Occupational Health and Safety 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. OB) $500 less the policy deductible. OC) $500.00 OD) Nothing.
Being mindful, respectful and accommodating of the differences that make us distinct is typically found in what kind of policy or practice? OA) Operations & Procedures B) Diversity, Equity and Inclusion OC) Ontario Automobile OD) Occupational Health and Safety 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. OB) $500 less the policy deductible. OC) $500.00 OD) Nothing.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:Being mindful, respectful and accommodating of the differences that make us distinct is typically found in what kind of
policy or practice?
OA) Operations & Procedures
B) Diversity, Equity and Inclusion
OC) Ontario Automobile
OD) Occupational Health and Safety
Transcribed Image Text: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.
OB) $500 less the policy deductible.
OC) $500.00
OD) Nothing.
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