Which of the Following Will Only Pay If Your Loss

question 111

Multiple Choice

Which of the following will only pay if your loss is caused by something specifically listed in the policy?

• A) Homeowner's coverage policy (HO policy).
• B) Named perils policy.
• C) All-risk HO policy.
• D) Liability policy.

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Definitions:

Settlement

An agreement reached by negotiating parties, especially in a legal context, to resolve a dispute without continuing to trial.

Court

A governmental institution authorized to resolve legal disputes, interpret laws, and administer justice.

Agreement

An agreement or compact formed between two independent nations.

Litigation File

A compiled set of documents and records associated with a legal case.