Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Dan was assessed $2,500 by the C.O.A. due to a liability claim related to an injury on park equipment they maintain. His HO-6 policy has
Dan was assessed $2,500 by the C.O.A. due to a liability claim related to an injury on park equipment they maintain. His HO-6 policy has a $500,000 liability limit and a $2,500 deductible. How much do you expect Dan's HO-6 Policy (not optional endorsements) to pay for this claim? a. Up to $2,000 under Section II - Loss Assessment. b. SO - Loss Assessment is only provided for Section I - Property Coverages. c. SO - Loss Assessment must be added by endorsement d. Up to $2,500 under Section Il - Liability but subject to the Policy Deductible
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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