Which of the Following Statements About Coverage for Loss of Use

question 25

Multiple Choice

Which of the following statements about coverage for loss of use (Coverage D) under the Homeowners 3 policy is true?

• A) If a covered loss makes the home unfit for living, the insurer pays additional living expenses the insured may incur as a result of the loss.
• B) The duration of payments for additional living expenses is limited to a maximum of 30 days.
• C) There is no coverage for loss of rent if an insured peril makes the part of the premises rented to others uninhabitable.
• D) There is coverage for loss of business income if an insured peril forces a home business to be terminated.

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Definitions:

Motivated

Being enthusiastic or driven to achieve certain goals or complete tasks.

Emotional Intelligence

The ability to understand, use, and manage your own emotions in positive ways to relieve stress, communicate effectively, empathize with others, overcome challenges, and defuse conflict.

Managing Emotions

The ability to recognize, understand, and control one's own emotions and to influence the emotions of others in a positive way.

Position Power

The authority or influence a person holds in an organization by virtue of the role or position they occupy, enabling them to exert control over others.