Question 15: If the Coverage A limit on an HO 3 is $200000 and the insured has a detached garage valued at $50000 what would they need to do? Question Value: 1 O Use the HO 04 48 endorsement to add $30000 to Coverage B O Use endorsement HO 04 48 to add $50000 to Coverage B O The garage is automatically covered for its full value under Coverage B O A separate policy must be written to cover the garage

Question 15: If the Coverage A limit on an HO 3 is $200000 and the insured has a detached garage valued at $50000 what would they need to do? Question Value: 1 O Use the HO 04 48 endorsement to add $30000 to Coverage B O Use endorsement HO 04 48 to add $50000 to Coverage B O The garage is automatically covered for its full value under Coverage B O A separate policy must be written to cover the garage

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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