Which of the following statements concerning property insuranceis (are) correct? 1. Broad named perilpolicies cover all losses

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Which of the following statements concerning property insuranceis (are) correct?

1. Broad named perilpolicies cover all losses to covered property unless the loss isspecifically excluded.

2. Insurance policies fallinto two categories with respect to covered perils-named perilspolicies and “all risks” or open perils policies.

a. 1 only.

b. 2 only.

c. Both 1 and 2.

d. Neither 1 nor2.

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Equity Asset Valuation

ISBN: 978-0470571439

2nd Edition

Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen

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Posted Date: Nov 22, 2022 02:00 PM

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Which of the following statements concerning property insuranceis (are) correct? 1. Broad named perilpolicies cover all losses

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Ans is B only statement 2 is correct statement 1 is wrong ... View the full answer

Equity Asset Valuation

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