"Loss of Use" Coverage Will not Provide Payment For

question 29

Multiple Choice

"Loss of use" coverage will not provide payment for:

• A) extra expenses incurred to stay in operation after an insured loss occurs
• B) payment for a direct loss caused by fire at a described premises
• C) lost profits after an insured loss due to the interruption of business
• D) coverage for any continuing fixed expenses due to the loss of cash flow

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Definitions:

Public Good

A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Public Good

A good that is non-excludable and non-rivalrous, meaning its consumption by one individual does not reduce its availability to others and people cannot be effectively excluded from using it.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be used simultaneously by more than one person without reducing its availability to others.

Flat Road Tax

A fixed-rate tax imposed on vehicle owners, irrespective of the vehicle's value, emissions, or usage levels.