Which of the Following Statements Describes a Difference in Conditions

question 6

Multiple Choice

Which of the following statements describes a Difference in Conditions (DIC) Policy?

• A)It is a type of commercial umbrella liability policy.
• B)It is an all-risk policy that covers perils not insured by basic property insurance contracts.
• C)It is designed to cover indirect losses for which the insured has direct damage coverage.
• D)It is used to settle disputes when an insured has more than one insurance policy with differing policy provisions.

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Definitions:

Low-Risk Situations

Scenarios or environments where there is minimal chance of failure, harm, or loss, often used for training or practicing new skills.

Reflect On Performance

The act of assessing and considering one's own work or behavior in order to learn from experiences and improve future outcomes.

Performance Maintenance

The efforts and processes put in place to ensure consistent performance levels over time.

Symbolic Gesture

A movement or action that expresses an idea, emotion, or sentiment, often without using words.