Question: Briefly explained the distinction between named - peril coverage and open - peril coverage.

Briefly explained the distinction between named-peril coverage and open-peril coverage.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Which is correct regarding the HO-3 form? A. Named peril coverage for dwelling and named peril coverage for contents. B. Named peril coverage for dwelling and open peril coverage contents. C. Open...

Q:

Briefly explained the distinction between named - power coverage and open peril coverage

Q:

Question 1 1 Point Personal Injury liability coverage 1. is essentially the same thing as bodily injury coverage. 2. is automatically included in the Homeowners policy. 3. is available to business...

Q:

Question 1 1 Point Personal Injury liability coverage 1. is essentially the same thing as bodily injury coverage. 2. is automatically included in the Homeowners policy. 3. is available to business...

Q:

Question 16 1 Point Mr. Jones is insured under a Homeowners Broad Form (HO-2). A sudden surge of power from the city's power plant burns out the motor on his freezer and the meat in the freezer...

Q:

Personal property may be insured on a "named peril" or an "open peril basis. Compare and contrast the implications (i.e., costs and benefits) of these two forms of coverage from both the insurers'...

Q:

Answer question 13 only. Thanks. ' 66 Personal Financial Planning: Cases & Applications Textbook 10th Edition 2017-2018 Benjamin and Sarah Redding have great aspirations for their future. They have...

Q:

i will show the questions first (first two pics). only 5 questions are required from the list of 18. they can be any that you feel most confident answering! Ik usually the rule is about 3 question...

Q:

Determine whether the Reddings will currently qualify to refinance their home. Is the house eligible for refinancing by a lender requiring a maximum loan-to-value ratio of 80%? How much cash would...

Q:

Finance Case Study Benajmin and Sarah Redding need help with a couple questions. Thank you! If someone could help me out with questions 5-10 that would be greatly appreciated. I am beyond confused....

Q:

Marathon Petroleum Inc. commenced operations on January 2, 2018, and has a year-end of December 31. It operates an oil refinery located on the Seaway and a chain of 36 gasoline stations in eastern...

Q:

The common stock of ABC has a beta of 1.22. The market risk premium is 10.7 percent and the risk-free rate is 3.1 percent. What is the firms expected return, E(Ri)?

Q:

7. What is a check?

Q:

A scenario of Library Management System:A client's interaction with the library system involves borrowing, returning. reserving, and extending loan books. Each time client returning books or extend...