Question
1- Which of the following personal property items has the HIGHEST specific limitation on coverage? Group of answer choices A prized coin collection Jewelry, watches,
1- Which of the following personal property items has the HIGHEST specific limitation on coverage?
Group of answer choices
A prized coin collection
Jewelry, watches, and precious stones or metals
A canoe youre storing at the rental property
An antique rug
2-
The insured person must prepare a report, outlining full details of the loss including all items destroyed, damaged, or stolen and their actual cash value, within...
Group of answer choices
24 hours
1 week
60 days
180 days
Question 3
What happens if the insured tenant and the insurance company fail to agree on the amount of loss?
Group of answer choices
Either the tenant or the company can request an appraisal, so that an impartial third party determines the amount of loss
The insurance policy becomes null and void
The insurance company is forced to pay the current online market price for the item
The landlord or owner of the building must make up the difference in the disputed value
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