Chapter 10 - Chapter 10 Review Questions True/False 1. 2....

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Chapter 10 Review Questions True/False 1. Personal property floaters are needed to adequately cover valuable jewelry, furs, and collectibles. 2. The principle of indemnity is designed so that the insured can be compensated for an amount equal to his economic loss. 3. If your insurance company makes a payment to you, subrogation is the right of the company to collect from the person causing the accident or from his/her insurance company. 4. A coinsurance clause stipulates that you must carry insurance up to a specific amount, such 80 percent of the replacement value. 5. An HO-1 policy lists more perils for which you are insured than an HO-3 does. 6. Protection for personal property both at home and away from home is a provision of the homeowners’ policy. 7. Automobile liability claims could potentially be more costly to you than car damage claims. 8. Automobile medical payments insurance normally contains an indemnity clause. 9. The named insured and her passengers would be covered under automobile medical payments insurance. 10.
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This note was uploaded on 08/28/2009 for the course BUS ACG2021 taught by Professor Yost during the Spring '08 term at W. Florida.

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Chapter 10 - Chapter 10 Review Questions True/False 1. 2....

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