Why is there a "special limits of liability" section in the personal property section of the HO-3 contract?

What will be an ideal response?


Special limits are imposed on various types of property because it would be unfair to charge all insureds high premiums for target property (such as jewelry and furs) that they do not own. If an insured needs more coverage they can buy it and pay the additional premium.

Business

You might also like to view...

Is the product market important to labor relations? Why or why not?

What will be an ideal response?

Business

Which one of the following statements is TRUE?

A. Outside shareholders will pay less for stock if they think the original owners will consume perquisites. B. Creditors have a claim on a firm's earning stream through the dividend payments they receive. C. An example of asset switching is an option to exchange one piece of real estate for another. D. An agency cost is the wage required to pay someone who is hired to perform a service. E. An example of an agency cost is when an attorney hires an expert witness for a trial.

Business

Nico wants to invest all of his money in just two assets: the risk-free asset and the market portfolio. What is Nico's portfolio beta if he invests a quarter of his money in the market portfolio and the rest in the risk free asset?

A) 0.00 B) 0.25 C) 0.75 D) 1.00

Business

In a network mask, the 1s correspond to the ________

A) network part B) subnet part C) host part D) none of the above

Business