Fundamentos de Seguro de PropiedadPregunta 288 de 531
A set of four matched showroom chairs is worth $2,400 as a set. A covered peril destroys one chair, and the three that remain are worth $1,500 together. Under the pair or set clause, the insurer pays:
a.$600
b.$2,400
c.$1,500
d.$900
Explicación
The pair or set clause measures the difference between the value of the set before the loss and the value of what is left: $2,400 - $1,500 = $900. That captures the loss in value the survivors suffer from no longer being a set. Paying one quarter of the set value gives $600 and ignores that damage entirely, while the insured cannot force the insurer to pay the full $2,400 and take the three good chairs away.
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
- After a fire claim, either party invokes the appraisal clause. What will the appraisal decide?
- After paying a fire claim in full, the insurer takes the damaged inventory and sells what it can. This is:
- A contractor's welding starts a fire in a store. Before the insurer pays, the store owner signs a paper releasing the contractor from all liability. The likely result is that:
- Settlement of a covered building loss differs between a partial loss and a total loss because:
- A standard homeowners form covers trees, shrubs and plants for up to 5 percent of the Coverage A limit, but no more than $500 for any one tree, shrub or plant. Coverage A is $360,000 and a covered fire destroys six ornamental trees worth $1,200 each. The insurer pays:
- Under a value reporting form, an insured reports $200,000 of stock at a location where the actual value on the reporting date was $250,000. A $100,000 covered loss later occurs there. The insurer pays:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Property & Casualty Insurance License Exam · Cómo revisamos