UNDERSTAND CONCEPTS Determine the best answer for each of the following questions. 1. True or False? Businesses can obtain comprehensive insurance coverage on buildings they own but not for those they rent. 2. A special property insurance policy developed for the unique circumstances of small businesses is a. title insurance c. business owners policy b. commercial package policy d. business income insurance 3. insurance pays off the balance of outstanding loans in the event of death or disability of a debtor. 4. The vehicle insurance coverage that pays for repairs to the insured's vehicle resulting from damages not due to collision is a. property damage liability c. uninsured motorist b. medical payments d. comprehensive 5. is the advance budgeting of funds to meet the estimated cost of losses. UNDERSTAND CONCEPTS Determine the best answer for each of the following questions. 1. True or False? Businesses can obtain comprehensive insurance coverage on buildings they own but not for those they rent. 2. A special property insurance policy developed for the unique circumstances of small businesses is a. title insurance c. business owners policy b. commercial package policy d. business income insurance 3. insurance pays off the balance of outstanding loans in the event of death or disability of a debtor. 4. The vehicle insurance coverage that pays for repairs to the insured's vehicle resulting from damages not due to collision is a. property damage liability c. uninsured motorist b. medical payments d. comprehensive 5. is the advance budgeting of funds to meet the estimated cost of losses