help What are the typical perils that are excluded under a Rented Property Policy form?OA) Vandalism, malicious acts, sewer back up, and theftOB) Sewer back up, overland water, damage done by animals, and smokeOC) Theft, damage done by animals, falling objects, vandalismOD) Sewer back up, ground water, falling objects, smoke damage Which one (1) of the following practices is NOT considered to be misconduct"?OA) The use of an illustration circular or memorandum that is incomplete and does not clearly represent theterms, benefits or advantages of any policy.OB) The use of any incomplete comparison of any policy or contract of the insurance with that of another insurerfor the purpose of inducing an insured to lapse, forfeit or surrender a policy or contract.OC) Quoting an insurance premium to a policy holder or prospective policy holder that is less than a competitor'squotation with the intention of influencing the placing of an insurance policy or renewal.D) Holding himself/herself out, or advertising, or carrying on business in any other manner than the name inwhich the firm is registered.

A rental property policy can be defined as the type of insurance that protects property owners who…

Answered: What are the typical perils that are…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Similar questions

Correct option and reason please
Your insureds occupy a single family detached dwelling. For economic reasons, they are considering renting the finished basement to a tenant. What affect will this have on their Homeowners Policy? O A) None at all. Renting part of a dwelling is not considered a commercial activity. O B) They will have to install a smoke detector in the basement and the policy will then be in full force. O C) The policy will have to be cancelled and re-issued on a Secondary Dwelling form. O D) The policy must be endorsed to declare it is no longer a single family, owner- occupied dwelling."
4. Differentiate between Hazard & Harm. Explain serious harm?
Which of the following properties is included as a coverage extension under the bussinessowner’s policy ? Bullions, money in securities Outdoor sign attached to the building delivery van Watercraft
Define what is meant by inherent risk.
Required: • Identify the issue/problem • Prepare Alternative Courses of Action • Recommend the best course of action.
Explain Tolerable exception rate?
1.Five common classification clusters of risk
Explain Acceptable risk of overreliance (ARO)?
When SS Electroplating Company started the electroplating operations in a residential location in Bengaluru, it received a notice from the pollution Control Board to install the effluent treatment plant within 15 days, failing which they would seal the plant. The Director of the company collected the information that it would cost about 10,00,000 to buy an effluent treatment plant, an area of about 600 sq.feet to install it over a period of 2-3 months, & running cost of about 40,000 per month for the purchase of material like costic soda & others. The effluent contained nickel, synide, cromium, cadminum & zinc, which were to be treated separately using different chemicals. After effluent liquid of about 800 litres per day was treated, the sludge was to be dried, packed, stored & dumped in a government notified place. The entire process would not only cost substantial amount, but also would need additional area of about 600-700 sq. feet The company gathered information…
1) Supplier and Retail Firm A retail-level firm has a contract to sell a single unit of a good to a consumer for 10$. Not delivering the good leads to no payment from the consumer along with a penalty of 5$ to be paid to the consumer by the firm as per the contract between the firm and the consumer. The retail-level firm must also pay an operating cost of 3$ in order to stay in business and in order to be able to deliver the good. This cost must be paid even if the firm decides not to sell the good. Failing to deliver the good and having to pay the penalty and the other costs would lead to the retail firm going out of business. A supplier firm is the only firm in the world that can build the good. The supplier can build the good for 2$ and does so after an order is made. The supplier cannot sell directly to the consumer and there is only one retail firm in this market. Both the supplier and the retailer only care about their own private profit. There is no contract at this point…
Your insured lives in an apartment but takes a temporary position in another city and must store some major furniture items in a storage warehouse until he/she returns. In the interim the unfurnished apartment is sublet to a friend. Subsequently, the warehouse is broken into and some of your insured's furniture is stolen. What would a Tenants Comprehensive policy pay? OA) The actual cash value or replacement cost of the property stolen less the policy deductible, subject to the 10% limitation on property temporarily removed. OB) Nothing. The loss is not covered. OC) The actual cash value or replacement cost of all the personal property stolen, less the policy deductible, subject to the policy limit. OD) That proportion of the loss which the value of the property at the warehouse bears to the total value of all of his/her personal property.

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