Which one of these is covered by a specific type of insurance policy quizlet
Avis 5,0 (1) Which of the following losses is normally included in homeowners' insurance coverage? Select one: a. property loss caused by a pet
What is covered by a specific type of insurance policy?
What Does Specific Insurance Mean? Specific insurance is a type of property insurance in which only one individual property is covered by the policy. Specific insurance is an alternative to blanket coverage, in which a policy can cover many different properties or locations.
Which of the following are types of insurance quizlet?
An insurance policy is a legal contract between and insurance company and an insured, in which the insurance company will pay an insured for covered losses in exchange for the insured paying the premiums.
What is an insurance policy quizlet?
Common conditions in a policy include the requirement to file a proof of loss with the company, to protect property after a loss, and to cooperate during the company's investigation or defense of a liability lawsuit.
What must the insurance company do to ensure the insured's property?
A. the insurance company must inspect the insured's property and operations on a regular basis B. When an inspection of the insured'd property and operations has been made, the insurance company will then warrant that such property and operations are safe
What type of policy provides an income for a specific period?
A policy that provides an income for a specific period starting at the death of the insured is a Family Maintenance Policy. What kind of life insurance policy pays a specified monthly income to a beneficiary for 30 years and then pays a lump sum benefit at the end of that 30 years?
What type of insurance policy has a level premium?
A Whole Life insurance policy has a level premium. How does an indexed annuity differ from a fixed annuity? An indexed annuity differs from a fixed annuity in that indexed annuity owners receive credited interest tied to the fluctuations of the linked index.
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