Which of the Following Statements Is (Are)true Regarding Renters Insurance

question 37

Multiple Choice

Which of the following statements is (are) true regarding renters insurance?
I.Renters insurance is needed if you rent a house,but is not needed if you rent an apartment.
II.The ISO renter's policy provides open perils ("all-risks") coverage on the insured's personal property.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Assignment of Rights

The transfer of legal rights from one party to another, often involving debts or benefits under a contract.

Assignment of Duties

The process of allocating responsibilities and tasks to individuals or groups in an organization.

Breach of Contract

The failure or refusal of a party to fulfill its obligations as outlined in a mutually agreed-upon legal document.

Assignment Form

A legal document used to transfer rights or interests from one party to another.