Which one (1) of the following types of loss or expense is covered under Section I of the Tenants Comprehensive policy? OA) Assessments levied by the landlord to pay for damage caused by tenants to those areas of the premises which they all use. OB) At the insured's option, damage to the portion of the dwelling occupied by the insured as a private residence caused by theft or attempted theft. OC) Fire damage to the dwelling caused by another tenant. OD) Moving expenses incurred by cancellation of the lease agreement resulting from the occurrence of one of the insured perils.
Which one (1) of the following types of loss or expense is covered under Section I of the Tenants Comprehensive policy? OA) Assessments levied by the landlord to pay for damage caused by tenants to those areas of the premises which they all use. OB) At the insured's option, damage to the portion of the dwelling occupied by the insured as a private residence caused by theft or attempted theft. OC) Fire damage to the dwelling caused by another tenant. OD) Moving expenses incurred by cancellation of the lease agreement resulting from the occurrence of one of the insured perils.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:Which one (1) of the following types of loss or expense is covered under Section I of the Tenants Comprehensive policy?
OA) Assessments levied by the landlord to pay for damage caused by tenants to those areas of the premises which
they all use.
OB) At the insured's option, damage to the portion of the dwelling occupied by the insured as a private residence
caused by theft or attempted theft.
OC) Fire damage to the dwelling caused by another tenant.
OD) Moving expenses incurred by cancellation of the lease agreement resulting from the occurrence of one of the
insured perils.
Transcribed Image Text:Statutory Conditions in an insurance policy are established for the protection of both the person insured and the insurer.
Which one (1) of the following is NOT the subject of a Statutory Condition?
OA) Knowingly making false statements.
OB) Details about when and how to make a claim under the policy.
OC) Method by which the policy may be terminated by either the insured or the insurer.
OD) Time limit in which premium must be paid.
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