Ajeet has a renovation and drywall contracting business and the business is covered by a Disability Business Overhead Expense (BOE) insurance policy he purchased. Which of the following statements about Disability BOE insurance is correct?

a)		If the benefit on the policy is $5,000 per month for 24 months, the benefit payment will be a fixed amount of $5,000 per month.
b)		If the benefit on the policy is $5,000 per month for 24 months, the benefit payment will be a maximum reimbursement amount of $5,000 per month.
c)		If the benefit on the policy is $5,000 per month for 24 months, the benefit payment will be an income replacement amount of $5,000 per month.
d)		If the benefit on the policy is $5,000 per month for 24 months, the fixed benefit payment will be paid until the insured returns to work.

Answer rating: 100% (QA)

Correct answer is a If the benefit on the policy is 5000 per month for 24 months the benef... View the full answer