The Personal Property Floater

question 6

Multiple Choice

The personal property floater:

• A)provides either blanket or scheduled coverage of items that are not covered adequately in a standard homeowner's policy.
• B)is available to meet the needs of "innocent" victims of accidents who are negligently injured by uninsured, underinsured, or hit-and-run motorists.
• C)is a specialized inland marine policy covering boats and trailers used with boats.
• D)covers against liability caused by the ownership or use of items of personal property.
• E)is an additional amount of insurance equal to a specified percentage of the replacement value of the property.

---

Definitions:

Voidable

A legal term describing a transaction or agreement that may be annulled or invalidated by one of the parties involved due to certain defects.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the party to be charged, to be enforceable.

Writing

The act or process of composing text for various purposes, such as communication, expression, or documentation.

Foolish Bargain

An agreement made where one or more parties make poor decisions or agree to terms that are not in their best interest.