Reasons Why an Insured Might Add a Scheduled Personal Property

question 11

Multiple Choice

Reasons why an insured might add a scheduled personal property endorsement to a homeowners policy include which of the following?
I.To lower the premium by limiting the perils covered
II.To obtain higher limits for certain personal property

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

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Definitions:

Confidence

A feeling or belief that one can rely on someone or something; firm trust.

Billing Process

The process of issuing invoices to customers for goods or services, tracking the payment status, and managing receivables.

Defect Rate

The percentage of products or services that fail to meet quality standards out of the total produced or delivered.

Confidence

A person's belief in their own abilities or in the likelihood of a positive outcome.