to this coverage? It is provided on an "All Risks" basis. following conditions ap It covers actual cash value at current market prices up to $5,000 less deductible. It covers only loss caused by mechanical breakdown of the freezer or accidental outside power interruption. It excludes loss due to interruption of Hydro service.
to this coverage? It is provided on an "All Risks" basis. following conditions ap It covers actual cash value at current market prices up to $5,000 less deductible. It covers only loss caused by mechanical breakdown of the freezer or accidental outside power interruption. It excludes loss due to interruption of Hydro service.
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Transcribed Image Text:24 of 90
"Freezer Foods Coverage" provides for payment of loss caused
by spoilage of frozen foods contained in your food freezer on
your premises. Which one (1) of the following conditions apply
to this coverage?
It is provided on an "All Risks" basis.
It covers actual cash value at current market prices up to $5,000 less deductible.
covers only loss caused by mechanical breakdown of the freezer or accidental
outside power interruption.
It excludes loss due to interruption of Hydro service.
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What does it mean when "an insured is indemnified by an
insurer after a loss"?
The co-insurance conditions have been satisfied.
The insured was paid the amount of the loss.
Subrogation by the insurer against a third party had been successful.
The insurer had lost its rights of subrogation.
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