If an Insured Has Fully Insured the Property with Two

question 14

Multiple Choice

If an insured has fully insured the property with two different insurers:

• A)The insurer with which the policy was first taken out must cover the claim.
• B)The insurer with which the policy was last taken out must cover the claim.
• C)The insurer must make an election as to which insurer to bring the claim with and that insurer can seek a pro rata contribution from the other insurer.
• D)The insured can recover the full amount of the loss from both insurers.

---

Definitions:

Burnout Phase

The final stage of chronic stress where individuals experience emotional, physical, and mental exhaustion, often resulting in decreased performance and motivation.

Chronic Fatigue

A long-lasting and severe form of tiredness or exhaustion that is not relieved by rest and is not directly caused by other medical conditions.

Early Enthusiasm

The intense eagerness and interest shown in the initial stages of undertaking a new project, activity, or idea.

Phoenix Phenomenon

A concept that describes emerging stronger or better from a catastrophe or significant trauma.