Which of the following statements is CORRECT about perils in property insurance policies? a. a property insurance policy must contain a list of all covered perils. b. an HO-00-02 (HO-2) Form provides coverage for more perils than a HO-00-03 (HO-3) Form c. a peril is defined as the cause of loss d. a peril increases the chance of loss
Which of the following statements is CORRECT about perils in property insurance policies? a. a property insurance policy must contain a list of all covered perils. b. an HO-00-02 (HO-2) Form provides coverage for more perils than a HO-00-03 (HO-3) Form c. a peril is defined as the cause of loss d. a peril increases the chance of loss
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section: Chapter Questions
Problem 37P
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Transcribed Image Text:Which of the following statements is CORRECT about perils in property insurance policies?
a. a property insurance policy must contain a list of all covered perils.
b. an HO-00-02 (HO-2) Form provides coverage for more perils than a HO-00-03 (HO-3) Form
c. a peril is defined as the cause of loss
d. a peril increases the chance of loss
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