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Which of the Following Statements About the Appraisal Clause in the Homeowners

question 35

Multiple Choice

Which of the following statements about the appraisal clause in the Homeowners 3 policy is (are) true?
I.It is used to determine a value for personal property when the policy is issued.
II.It is used to help settle disputes over the amount of a loss after a loss has occurred.


Definitions:

Sale Of Goods

The transaction between parties for the exchange of tangible and movable items for a price.

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A transaction involving the transfer of ownership of goods from a seller to a buyer for a price.

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