Endorsements & Optional CoveragesCâu 449 / 474
A condominium unit owner increases loss assessment coverage in order to pay:
a.Monthly dues owed while the unit is unusable
b.Damage to the unit's own walls and cabinets
c.A share of the association's covered loss
d.Property stolen from the basement storage cage
Giải thích
Loss assessment responds when the association charges each unit owner a share of a loss to the common property or of a liability judgment against the association. The standard form includes only $1,000 of it as an additional coverage, which a large assessment quickly exhausts, so unit owners buy more by endorsement. Damage inside the unit and stolen property are Coverage A and Coverage C matters, not assessments.
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Câu hỏi liên quan cùng chủ đề
- Equipment breakdown coverage added to a homeowners policy is what responds when:
- Refrigerated property coverage is worth adding because a standard unendorsed form:
- The self-insured retention under a personal umbrella policy applies to a claim that is:
- A homeowner applies for flood insurance under the National Flood Insurance Program. Coverage generally begins:
- A single-family home would cost $340,000 to rebuild. The most building coverage its owner can buy through the National Flood Insurance Program is:
- A $6,000 fishing boat and its trailer are stolen from the insured's driveway. Under Coverage C of an unendorsed form, the policy pays:
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