Question 28 Which one of the following is an example of a fortuitous loss? Insured intentionally sets fire to their house Insured demolishes a deck that has been allowed to rot. The value of an insured's home decreases because of a lack of maintenance O An unknown vandal sprays paint / graffiti on an insured's garage Question 29 Which one of the following statements is true regarding insurance contracts? Standard insurance policies contain no ambiguities Typical insurance contracts are contract of adhesion Insureds are allowed to transfer an insurance policy to a third party without the insurers written consent Insureds can draft their own insurance provisions to cover their unique loss exposures. Question 30 2 pts True or False: Homeowner's Insurance Policies combine coverage for loss of property, losses for which you are legally liable, and loss of income if your business is damaged and cannot remain open. True False