Which of the following statements is CORRECT about perils in property insurance policies?OA.A property insurance policy must contain a list of all covered perils.OB.An HO-00-02 (HO-2) Form provides coverage for more perils than a HO-00-03 (HO-3) Form.A peril is defined as the cause of a loss.O. C.O D.A peril increases the chance of loss.10Recording

Insurance is the aspect of the contract or agreement that is a policy being signed between parties…

Answered: Which of the following statements is…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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