Homework Help is Here – Start Your Trial Now!
Business
Business Law
Which one (1) of the following statements accurately describes a deductible clause in an insurance policy? OA) It is waived if the risk is insured to value. OB) It specifies the amount in excess of which an insurer will pay a loss. OC) It disappears when the loss exceeds a specified amount. OD) It usually applies to valued policies.

Which one (1) of the following statements accurately describes a deductible clause in an insurance policy? OA) It is waived if the risk is insured to value. OB) It specifies the amount in excess of which an insurer will pay a loss. OC) It disappears when the loss exceeds a specified amount. OD) It usually applies to valued policies.

icon
Related questions
Question

Pls help ASAP

Which one (1) of the following statements accurately describes a deductible clause in an insurance policy? OA) It is waived if the risk is insured to value. OB) It specifies the amount in excess of which an insurer will pay a loss. OC) It disappears when the loss exceeds a specified amount. OD) It usually applies to valued policies.
Transcribed Image Text:Which one (1) of the following statements accurately describes a deductible clause in an insurance policy? OA) It is waived if the risk is insured to value. OB) It specifies the amount in excess of which an insurer will pay a loss. OC) It disappears when the loss exceeds a specified amount. OD) It usually applies to valued policies.
Which one (1) of the following statements accurately describes a deductible clause in an insurance policy? It is waived if the risk is insured to value. It specifies the amount in excess of which an insurer will pay a loss. It disappears when the loss exceeds a specified amount. It usually applies to valued policies.
Transcribed Image Text:Which one (1) of the following statements accurately describes a deductible clause in an insurance policy? It is waived if the risk is insured to value. It specifies the amount in excess of which an insurer will pay a loss. It disappears when the loss exceeds a specified amount. It usually applies to valued policies.
Expert Solution
steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer