Anne Has an Expensive Diamond Ring

question 72

Multiple Choice

Anne has an expensive diamond ring.Which coverage from the following list would pay for damage or theft of this item?

• A)an umbrella policy
• B)a household inventory
• C)additional living expense coverage
• D)a personal articles endorsement
• E)a coinsurance floater

---

Definitions:

Limited Partnership

A form of partnership consisting of at least one general partner, who manages the business and is liable for debts, and one or more limited partners, who invest but do not manage and have limited liability.

General Partner(s)

Individuals in a partnership who have unlimited liability and are involved in the day-to-day management of the business.

Limited Partner(s)

Investors in a partnership who have limited liability to the extent of their investment and do not participate in day-to-day management.

Limited Partners

Individuals in a partnership who invest money but are not involved in daily management, and whose liability is limited to the amount of their investment.