Insurance Law Canada

(Ture or False Question)

1, Improvements and betterments are included in strata insurance and a strata owner can get coverage for these?

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2, An insured would commonly take all of the following steps in order provide an insurer proof of loss: keep receipts, draft a running list of items, take pictures and etc?

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3, ICBC's current insurance industry can be neatly defined as a" "no-fault scheme"?

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4, The amount of a client's insurance premium for their car can vary depending on make, model and age of the car?

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5, If an insurer knowingly induces and lures an insured into taking out the policy, which the insurer knows that the insured is relying on, this is understood as "negligent misrepresentation"?

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6, A mortgagor is the creditor to whom a mortgage is given and who lends money on the security of the value of the property? (promisee receives a promise; offeree receives an offer).

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7, All drivers of a car must be listed on the car insurance policy?

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8, Any person seeking to protect their investments can protect them through insurance: not only things like our house but also expensive items, like rolex watch, or even our body parts?

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9, Normally, there is a 2-year limitation period on most insurance policies, which is the date by which an insured must file and pursue their insurance claim?

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10, Liquidated damages are known as damages that can be quantified / measured as clear-cut, without the need to calculate the specifics?

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