Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following statements concerning homeo

Which of the following statements concerning Homeowners insurance supplementary coverage (Section II), personal liability (Covernge...

50.1K

Verified Solution

Question

Accounting

image
Which of the following statements concerning Homeowners insurance supplementary coverage (Section II), personal liability (Covernge E) and Medical Payments to others (Coverage F) is correct? Claims for personal istility and medical payrsents to others are paid regarthess of who is at faut. Vercrica owns scme undeveloped acreage. as a separate tract of land, atich she allows hei friend Avchie to use each year for snowmobile nding Altheugh the land is net lated in the declarations of her homeonner poley it is located adacent to primary residenee. This year Veroeica placed some faily large stones around an ares of the land that ahe nasted to mark for future reference, but she forgot to tell Archie. Archie crashed his snowmobile on the socks and broke both of his arms Veronicas homeowners insurance will cover Arehie's bodly injury claims for the aceident. When a fire broke out in Rajs garage, be called the fire department. Rwis homeowiser's policy wilf cover the $350 service charge ingosed by the fre department. In order te receive benefits under the HO policy, the insued, at the insureds expense, must pay for repairs 70 protect the property fram further loss atter a covered less coculs

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students