Which of the Following Statements About the Additional Coverage for Damage

question 24

Multiple Choice

Which of the following statements about the additional coverage for damage to property of others in Section II of the homeowners policy is true?

• A)The maximum amount of coverage is $25,000 per occurrence.
• B)Payments are made on the basis of the replacement cost of the damaged property.
• C)There is coverage for property damage arising out of a business engaged in on a full-time basis by an insured.
• D)There is coverage for intentional property damage by any insured who is a teenager.

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Definitions:

Duties

Obligations or tasks that one is expected or required to perform as part of a role, job, or moral commitment.

Guidelines

A set of recommended practices or instructions designed to guide actions or behavior in specific situations.

Employee Empowerment

The practice of giving employees the authority, tools, and resources to make decisions and contribute to the company's success.

Delegation

The process where a manager or leader assigns tasks and responsibilities to subordinates.