Briefly describe the problems with corporate governance and the financial sector which have led to increased litigation.
Answer to relevant QuestionsJack and Jane are married and own a home insured for $150,000 under an unendorsed HO-3 policy. The replacement cost of the home is $250,000. Personal property is insured for $75,000. Jane has jewelry valued at $10,000. Jack ...Paul has his home and its contents insured under a Homeowners 3 (special form) policy. He carries $160,000 of insurance on the home, which has a replacement cost of $200,000. Explain the extent to which each of the following ...a. Briefly describe the special limits of liability that apply to certain types of personal property.b. Why are these special limits used?Indicate whether the following losses are covered under Section II of the homeowner’s policy. Assume there are no special endorsements. Give reasons for your answers.a. The named insured's dog bites a neighbor's child and ...Homeowner’s insurance premiums are based on a number of factors. Identify the major factors that determine the cost of a homeowner’s policy.
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