Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. An insured who is an auto dealer advertises a new car for $3,399 instead of its actual price of $33,999. When the insured refuses
1. An insured who is an auto dealer advertises a new car for $3,399 instead of its actual price of $33,999. When the insured refuses to sell the car for the advertised amount, several potential buyers sue for the $30,600 difference between the actual price and the advertised price. Identify the CGL policy exclusion that applies in this circumstance. 2. Roberta, an employee of a warehouse facility, sprained her ankle when she stepped off a forklift on the facilitys premises. A visit to the emergency department of a nearby hospital resulted in medical expenses of $850. Roberta made a claim for payment of these expenses under Coverage CMedical Payments of the facilitys CGL form. Would Roberta gets payment from the insurer?
1. An insured who is an auto dealer advertises a new car for $3,399 instead of its actual price of $33,999. When the insured refuses to sell the car for the advertised amount, several potential buyers sue for the $30,600 difference between the actual price and the advertised price.
Identify the CGL policy exclusion that applies in this circumstance.
2. Roberta, an employee of a warehouse facility, sprained her ankle when she stepped off a forklift on the facilitys premises. A visit to the emergency department of a nearby hospital resulted in medical expenses of $850. Roberta made a claim for payment of these expenses under Coverage CMedical Payments of the facilitys CGL form. Would Roberta gets payment from the insurer?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started