Question
Complete the matching game below and submit a list of questions that match up with the correct letter score. (Up to 9 Points) 1. This
Complete the matching game below and submit a list of questions that match up with the correct letter score. (Up to 9 Points)
1. This is a statement of facts about a loss for which the insured is making a claim.
| A. Loss conditions
|
2. This condition is a method for the insurer and the insured to resolve disputes about the insured propertys value or amount of loss.
| B. Loss payment clause |
3. This section of the BPP deals with coinsurance and the interests of a mortgage holder (mortgagee).
| C. Abandonment condition |
4. This also states that regardless of the value of the loss, the insurer will pay no more than the insureds financial interest in the covered property.
| D. Duties in the event of loss or damage
|
5. This condition requires the insured to carry insurance equal to at least a specified percentage of the covered propertys actual cash value.
| E. Vacancy conditions
|
6. This section of the BPP includes an explanation of methods for establishing the value of damaged property.
| F. Proof of loss
|
7. This condition applies differently for a buildings tenant than for its owner or general lessee.
| G. Additional conditions |
8. This condition clarifies that making arrangements for the disposal of covered property is the insureds responsibility.
| H. Appraisal condition
|
9. If the insured fails to perform any of these, the insurer may not have to pay for the loss.
| I. Coinsurance condition |
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