Fundamentos de Seguro de PropiedadPregunta 270 de 531
Compared with a flat dollar deductible, a percentage deductible on a commercial property policy:
a.Is capped at the flat deductible amount
b.Applies once a policy year, not per loss
c.Rises as the amount of insurance rises
d.Replaces the coinsurance clause entirely
Explicación
A flat deductible is a fixed dollar figure taken off each covered loss, while a percentage deductible is computed from a stated base such as the amount of insurance, so raising the limit raises the deductible with it. It is not an annual aggregate; like a flat deductible it applies to each occurrence. And a deductible only reduces what the insurer pays, which leaves the adequacy of the limit to the coinsurance clause.
Practica las 531 preguntas gratis — sin registro.
Own the complete California Property & Casualty Broker-Agent guide — PDF + EPUB, $24.99 →
Preguntas relacionadas de este tema
- A building with a $750,000 replacement cost carries $675,000 of insurance, an 80 percent coinsurance clause and a $2,500 deductible. A covered loss of $95,000 occurs. The insurer pays:
- An apartment building worth $800,000 is insured for $480,000 with an 80 percent coinsurance clause and a $5,000 deductible. A covered fire causes an $80,000 loss. How much does the insurer pay?
- A commercial building is insured for $600,000 under a policy with a 5 percent deductible that applies to the amount of insurance. A covered loss of $125,000 occurs. The insurer pays:
- A commercial property policy written on a special, open-perils causes-of-loss form covers a physical loss unless:
- A restaurant's kitchen burns and the owner also loses six weeks of profit while it is rebuilt. The lost profit is an example of:
- Lightning strikes a building, the fire it starts is put out with water, and the water ruins stock in the basement. Under proximate cause reasoning, the water damage is:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Property & Casualty Insurance License Exam · Cómo revisamos