quiz questions Flashcards
1
Q
What type of compensatory coverage will pay for Pain and suffering and disfigurement
A
general coverage
2
Q
What kind of valuation will the policy pay full price on regardless of any of properties appreciation or depreciation
A
Agreed value
3
Q
What is combined Single limit of liability?
A
A dollar limit of liability applying to the total damages for bodily and injury amount combined
4
Q
In property insurance, actual cash value is?
A
Replacement cost at the time of loss, less depreciation
5
Q
What is vicarious liability
A
result of actions from one person put on another (parent/child)
