Which one (1) of the following events would be considered a loss under Section 7.1.2 B, Comprehensive of an O.A.P. 1 Owner's Policy policy? Your insured windshield was smashed by a falling rock while driving through a rock slide area. Your insured, towing a trailer, stopped quickly and the trailer struck the rear of the automobile damaging both vehicles. Your insured severely damaged the undercarriage of the vehicle when it struck a pot-hole in the roadway. Your insured, while passing another vehicle at the entrance to a narrow bridge, struck the bridge abutment.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Which one (1) of the following events would be considered a loss under
Section 7.1.2 B, Comprehensive of an O.A.P. 1 Owner's Policy policy?
Your insured windshield was smashed by a falling rock while driving through
a rock slide area.
Your insured, towing a trailer, stopped quickly and the trailer struck the rear
of the automobile damaging both vehicles.
Your insured severely damaged the undercarriage of the vehicle when it
struck a pot-hole in the roadway.
Your insured, while passing another vehicle at the entrance to a narrow
bridge, struck the bridge abutment.
Transcribed Image Text:Which one (1) of the following events would be considered a loss under Section 7.1.2 B, Comprehensive of an O.A.P. 1 Owner's Policy policy? Your insured windshield was smashed by a falling rock while driving through a rock slide area. Your insured, towing a trailer, stopped quickly and the trailer struck the rear of the automobile damaging both vehicles. Your insured severely damaged the undercarriage of the vehicle when it struck a pot-hole in the roadway. Your insured, while passing another vehicle at the entrance to a narrow bridge, struck the bridge abutment.
Lisa purchased a home owner's policy with only sewer backup coverage. In
the spring melt water accumulated in an improperly installed window well
and started entering the basement, which slowly caused total damage to
the basement. Will insurance company pay this claim?
No, the window well was not up to code.
No, sewer backup covers water backing up within the building, not from
outside.
Yes, up to the sewer backup coverage limit.
Yes, for the total cost of the claim.
10:08
Transcribed Image Text:Lisa purchased a home owner's policy with only sewer backup coverage. In the spring melt water accumulated in an improperly installed window well and started entering the basement, which slowly caused total damage to the basement. Will insurance company pay this claim? No, the window well was not up to code. No, sewer backup covers water backing up within the building, not from outside. Yes, up to the sewer backup coverage limit. Yes, for the total cost of the claim. 10:08
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