Which of the following statements regarding the Coverage E limit in the homeowners policy is...
80.2K
Verified Solution
Link Copied!
Question
Finance
Which of the following statements regarding the Coverage E limit in the homeowners policy is true? The limit applies on a peroccurrence basis to bodily injury and property damage liability. It is an aggregate limit and once the amount paid for one or more claims reaches the limit no additional coverage is provided. The limit applies only if a court orders the insured to paythere is no coverage for settlements reached outofcourt. Any legal defense costs incurred by the insurer are counted against the limit of liability. 
Which of the following statements regarding the Coverage E limit in the homeowners policy
is true?
The limit applies on a peroccurrence basis to bodily injury and property damage liability.
It is an aggregate limit and once the amount paid for one or more claims reaches the limit no
additional coverage is provided.
The limit applies only if a court orders the insured to paythere is no coverage for settlements
reached outofcourt.
Any legal defense costs incurred by the insurer are counted against the limit of liability.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.