Which of the Following Statements About the Additional Coverages Under

question 32

Multiple Choice

Which of the following statements about the additional coverages under Section I of the Homeowners 3 policy is true?

• A)There is coverage for the reasonable cost incurred to protect property from further damage after a covered loss occurs.
• B)There is unlimited coverage for furnishings of the landlord in an apartment on the premises that is rented to others.
• C)Property removed from the premises because it is endangered by an insured peril is covered on a named-perils basis while it is outside the insured premises.
• D)There is no coverage for the increased cost of construction or repair to comply with an ordinance or law.

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Critical Time

A crucial or decisive point in time where the outcome of a process or event is determined.

Referent Power

A form of power that stems from being well-liked, admired, or respected, making others more likely to comply due to liking or identifying with the person in power.

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The act of establishing and maintaining professional relationships or connections with others for mutual benefit.

Expert Power

The influence and authority someone holds as a result of their expertise or knowledge in a specific area.