An owner purchases a $100,000.00 parcel of property but only insures for $60,000.00. There is a partial loss under the policy of $30,000.00. Under the coinsurance rules, the title insurance company would be liable for the following claim:
A. $30,000.00
B. $12,000.00
C. $18,000.00
D. $24,000.00
Answer: C
You might also like to view...
Grand juries:
A) investigate crimes. B) can subpoena witnesses. C) vote to issue indictments. D) determine guilt or innocence. E) A, B, and C.
When conducting electronic discovery related to computer data, it is important to be aware that data may be located ?
A. ?in active files. B. ?in back-up files. C. ?as residual data. D. ?All of these choices are correct.
Time can be saved at trial if what type of potential evidence can be identified early in an investigation?
A) Objectionable evidence B) Physical evidence C) Real evidence D) Demonstrative evidence
A surveyor should indicate if the property is located in a flood hazard zone.
Answer the following statement true (T) or false (F)