Which one of these is covered by a specific type of insurance policy?
Off-grid homes
Condominiums
Homes with more than two stories
Homes in rural areas Continue
A- Off-Grid Home
Specific type of insurance policy is covered best with HO-3 insurance policy wherein it protects against all 16 of the most common perils and almost any other peril, except those specifically excluded (such as earthquake, flood, landslide or mudslide, nuclear accident and sinkholes).
Therefore, it clears that off grid homes can cover specific type of insurance policy to some extent as it is extending its interest in solar system which would be helpful in rural areas.
Condominiums, that's the real answer
Which one of these is covered by a specific type of insurance policy?
Which one of these is covered by a specific type of insurance policy? Off-grid homes Condominiums Homes with more than two stories Homes in rural areas
18. All of the following would be covered under an employment practices liability insurance policy EXCEPT A. injury on the job B. sexual harassment C. age discrimination D. wrongful discharge 19. The garage coverage form is designed specifically for all of the following EXCEPT A. auto dealers B. school bus lots C. truck dealers D. repair shop on the dealer’s lot 20. Which one of the following terms can be defined as a policy provision that omits certain risks from...
Value of home and life span are two variables that have been shown to have positive correlation but no cause-and-effect relationship. Describe at least one possible reason for the correlation. Select all that apply. A). Greater wealth allows people to afford more valuable homes and to spend more money on health care, and greater health care spending generally enables people to live longer. B). People who have more valuable homes tend to live more stressful lives, and stress generally decreases...
You have a property insurance policy with a straight deductible of $2,500 and a one- year policy period that begins on January 1, 2020. On January 23, 2020, you have a property loss of $2,000. You follow that with another loss of $4,000 on March 3, 2020. Assuming the losses are covered by the policy, how much of these two losses will be paid, in total, by the insurer? (Round your answer to the nearest dollar. Do NOT include a...
A family of five is covered by multiple insurance companies: . Father Jones works for a priva ate firm, has his primary health insurance-(ABC) through work, and his secondary health insurance through (XYZ) through his wife. .Mother Jones works for the state in which the Jones family resides, has health insurance (XY2) through work, and life insurance through her husband. . Sally Smith is covered under her mother's health insurance policy until the age of 24 Jeff Jones works at...
The applies to children when they are covered under both parents' insurance. birthday rule O primary rule secondary rule O guardian rule Question 11 4.5 pts is the determination of primary and secondary payer between different insurance companies when the patient is covered by more than one. Coordination of Benefits Explanation of Benefits Rule of Insured Coordination of Claims
Which of the following statements about life insurance policy loans is false?A) Loans are only permitted for specific reasons listed in the policy.B) Policy loans may be used to cover premiums using the automatic policy loan provision.C) The policyholder is required to pay interest on a life insurance policy loan.D) Any loan balance remaining at the time of the insured death is deducted from the life insurance proceeds paid to the beneficiary.
Explain the difference among the insured, the owner and the beneficiary of a life insurance policy. Give a specific example in which each party might be a different person.
An insurance company would like to offer theft insurance for renters. The policy would pay the full replacement value of any items that were stolen from the apartment. Some apartments have security alarms installed. Such systems detect a break-in and ring an alarm within the apartment. The insurance company estimates that the probability of a theft in a year is 0.05 if there is no security system and 0.01 if there is a security system (there cannot be more than...
Which of these is the best description of the "special" (HO-3) homeowners insurance policy? It offers extensive coverage for your home and also includes personal property and liability protection It's the most comprehensive policy available, covering even flood damage Continue