Pls help ASAP Which one (1) of the following statements best describes the coverage provided under a "Consequential LossAssumption Clause" in a property policy?OA) The consumption of food off the premises.OB) The right of an insurer to apply a deductible as a consequence of a loss.OC) Damage to frozen goods indirectly caused by a change in temperature resulting from an insured peril.OD) A loss occurring as a direct consequence of careless driving.

A consequential loss is an indirect loss that is caused by damage to a business unit or a property.…

Answered: Which one (1) of the following…

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter11: Property Dispositions

Section: Chapter Questions

Problem 12DQ

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Similar questions

Which of the following factors cannot be used to determine an insurer's limit of liability on property coverage? O A. Actual cash value Replacement cost Salvage value Policy limits OB. O C. D. Whiteboard
Which of the following transactions would most likely be a deductible repair under s 25-10? a. Repair of damage to property that existed at the time of purchase but was not known to the purchaser. b. Repainting a rental property after purchase but before tenants move in. c. Repainting a rental property in-between tenants vacating and new tenants moving in. d. Mechanical repairs to a vehicle that was not drivable at the time of purchase.
Which of the following is NOT a contingent liability? a. Pending law suit for property damage b. Product warranty c. Discounted note receivable d. Pending law suit for slander
What characterizes the accounting for involuntary conversions of fixed assets? a) Record as regular asset sale b) Defer gain if asset is replaced c) Recognize loss immediately d) Capitalize insurance proceeds
pls help asap
In respect to Loss Conditions in the Commercial Property Coverage Forms, after a loss has been paid, if the property is recovered. What option does the Named Insured have? O a. Named Insured has an option to take the property and return the loss payment. b. No options, the loss has been paid. c. The Insurance company can keep the property if the Named Insured does not want it. d. The Named Insured can take the property back and not pay back the loss payment.
33. the commercial package policy declarations contain interlines enduements cause of loss forms common policy conditions d description of the property insured
Under IFRS, a loss from the destruction of property in a fi re would most likely be classifi ed as: B . continuing operations.
Which of the following statements is correct about perils in property insurance policies? An (HO-2) form provides coverage for more perils than a (HO-3) Form. a Peril is defined as the cause of a loss A peril increases the chance of a loss a property insurance policy must contain a list of all cover perils
One purpose of casualty policy’s condition section is to list the property that is to be covered list the perils that are to be insured against provide for extension of coverage specify the insured responsibilities in the event of loss
Does the rule rendering an insurance contract voidable as a result of concealment apply with equal force to all types of property insurance?
10

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