Question: Why do insurance contracts exclude certain perils or activities? Group of answer choices: More reasonably predict claims All of these Reduce catastrophic losses Promote loss

Why do insurance contracts exclude certain perils or activities? Group of answer choices:

More reasonably predict claims

All of these

Reduce catastrophic losses

Promote loss prevention

Why do insurance policies have deductibles? Group of answer choices:

Encourage loss prevention

All of these

Reduce premiums

Prevent filing small claims

The policy provision requiring the notifying insurer of loss in a timely fashion is an example of a(n) Group of answer choices:

declaration

condition

miscellaneous provision

insuring agreement

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