Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marianne is a self-employed accountant who works at home. A client sued her for $30,000. Marianne always had business endorsement. Since the agent did not

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Marianne is a self-employed accountant who works at home. A client sued her for $30,000. Marianne always had business endorsement. Since the agent did not teach Marianne about the coverages she needs, she will be covered. No. Marianne requires a business purpose endorsement to be covered. It is excluded under Section II Of course yes, this is why she has the coverage under Section II. Yes. Marianne is covered as the work was performed on her premises. is a provision that limits over indemnification, in which the insured is required to transfer to the insurer any rights to recovery available from a third party. Indemnity Endorsement Adhesion Insurable interest Subrogation Which of the following is covered by umbrella policies? Obligations under workers' compensation Owned or rented aircraft without underlying coverage Property damage to any property in the care, custody, or control of the insured Personal injury liability Any act committed by or at the direction of the insured with intent to cause personal injury or property damage This part identifies the specifics that are unique to the insured, such as the covered location, and also lists policy limits, period of coverage, the name of the insurer, and similar information. Identify this part of the homeowners policy. Definitions Policy form Declarations page Horneowners policy jacket Insuring agreement A policy clause, termed clause, addresses the potential problem of duplicating coverage when two or more similar policies cover the same exposure. extended coverage additional insurance primary insurance excess insurance other insarance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management For Public Health And Not For Profit Organization

Authors: Steven A. Finkler

3rd International Edition

0138152772, 9780138152772

More Books

Students also viewed these Finance questions

Question

=+ How about one you felt had acted in a hypocritical way?

Answered: 1 week ago