Why do property insurance policies contain exclusions? Illustrate your answer with examples from the HO.
Question:
Why do property insurance policies contain exclusions? Illustrate your answer with examples from the HO.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
Exclusions are frequently found in property insurance contracts and the HO provides good e...View the full answer
Answered By
GANDAM ANAND SIVA
Hello everyone! I'm Gandam anand siva from india. I have two years of experience in teaching. Assistant professor in department of Mechanical Engineering, Satya Institute of Technology and Management, Vizianagaram. (From 30th June 2019 to 1st September 2021). my favorite subjects are finite element methods, machine design, thermodynamics , heat transfer, operations research, strength of materials, and fluid mechanics and hydraulic machines. i have published 7 research papers in reputed journals. i love teaching and i guided 3 research projects for UG(B.TECH) students.
0.00
0 Reviews
10+ Question Solved
Related Book For
Introduction to Risk Management and Insurance
ISBN: 978-0131394124
10th edition
Authors: Mark S. Dorfman, David Cather
Question Posted:
Students also viewed these Corporate Finance questions
-
1. How do you feel about being grouped into classes in the insurance underwriting process? Do you feel that insurance companies should treat all such groups of people alike? 2. Many people complain...
-
Why would we expect that the price elasticity of demand for the product of an individual firm would typically be greater than the price elasticity of demand for the product overall? Illustrate your...
-
What is cross-cultural consumer analysis? How can a multinational company use cross-cultural research to design each factor in its marketing mix? Illustrate your answer with examples.
-
Joseph Thompson is president and sole shareholder of Jay Corporation. In December 2019, Joe asks your advice regarding a charitable contribution he plans to have the corporation make to the...
-
Employees of a building materials chain facing a shutdown were surveyed on a prospective employee ownership plan. Some employees pledged $10,000 to this plan, putting up $800 immediately, while...
-
Is the dome real property or personal property? Explain. Vanessa Denai purchased forty acres of land in rural Louisiana with a 1,600-square-foot house on it and a metal barn near the house. Denai...
-
Between 1957 and 1977 Westinghouse Electric Corp. used PCBs in the manufacture of elec trical capacitors at its plant in Bloomington, Indiana. A federal consent-decree has ordered the company to be...
-
Your project to obtain charitable donations is now 30 days into a planned 40- day project. The project is divided into 3 activities. The first activity is designed to solicit individual donations. It...
-
The following information is for Blossom Company in September: 1. 2. 3. 4. 5. Cash balance per bank, September 30, $7,200. Cash balance per books, September 30, $5,580. Outstanding cheques, $3,050....
-
Pie Corporation acquired 75 percent of Slice Companys ownership on January 1, 20X8, for $96,000. At that date, the fair value of the noncontrolling interest was $32,000. The book value of Slices net...
-
Referring to the previous question, is one format always preferable over the other?
-
Will an exclusion result in partial recovery?
-
At room temperature and pressure (rtp), which of the substances listed below is: a. A solid element? b. A liquid element? c. A gaseous mixture? d. A solid mixture? e. A liquid compound? f. A solid...
-
What's your favourite way to promote and build interpersonalwellness? How do you nurture your relationships? How do you build friendships? How do you show your loved ones that you care? Share your...
-
What is the best way to summary this formation? IMC Communication Objectives Increase from 0% to 75% of Millennials in the Dallas-Fort Worth area, ages 22 - 34, with a four-year college degree,...
-
Branding is very important to marketing, that is while most businesses focus on brands that attract customer's interest. Store brand is unique to a particular store compared to national brand . A...
-
Do you think that your score accurately reflects your global mindset? Why or why not? What, if anything, is missing from the assessment? How do you think that having a higher global mindset will help...
-
Healthcare is an ever-changing industry that requires healthcare organizations to align with those changes or risk being left behind. With the advances being made in technology, every corner seems to...
-
If the reducing-balance method of depreciation is used, at a rate of 15 per cent per annum, what is the net book value of the excavator at the end of 3 years? (a) 15,435 (b) 19,120 (c) 20,880 (d)...
-
Where are the olfactory sensory neurons, and why is that site poorly suited for their job?
-
D Ltd has a balance on its debtors account of 100,000. Previous experience would anticipate bad debts to a maximum of 3%.The company adopts a policy of factoring its debts. Explain how the...
-
Briefly explain the following life insurance contractual provisions. a. Suicide clause b. Grace period c. Reinstatement clause
-
a. Explain the requirements for reinstating a lapsed life insurance policy. b. What are the advantages and disadvantages of reinstating a lapsed life insurance policy?
-
Explain the following beneficiary designations. a. Primary and contingent beneficiary b. Revocable and irrevocable beneficiary c. Specific and class beneficiary
-
Critically evaluate the dividend valuation model and the earnings multiple models
-
The following amounts were reported on the December 31, 2022, balance sheet: Cash $ 8,000 Land 20,000 Accounts payable 15,000 Bonds payable 120,000 Merchandise inventory 30,000 Retained earnings...
-
Sandhill Co. issued $ 600,000, 10-year, 8% bonds at 105. 1.Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when the...
Study smarter with the SolutionInn App