To Determine If a Loss Is Covered by a Property

question 74

Multiple Choice

To determine if a loss is covered by a property insurance contract, you should look at all of the following except:

• A) all applicable exclusions
• B) the subrogation clause
• C) what property is covered
• D) the dollar limitations for recovery

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Definitions:

Nudge

A framing of choices by which governments and companies can, without coercion or altered incentives, encourage people to make choices that support their health, retirement savings, and well-being.

Choices

The act of selecting between two or more possibilities when faced with a decision.

Belief Perseverance

The phenomenon wherein individuals maintain their beliefs even in the face of contradictory evidence.

Evidence

Material or information presented in support of a claim or argument, typically used in legal or scientific contexts.