Cơ bản về bảo hiểm tài sảnCâu 257 / 531
The purpose of a deductible in a property policy is to:
a.Reduce premiums and discourage small or frivolous claims
b.Guarantee the insured a profit on each covered loss
c.Remove the need for a coinsurance clause entirely
d.Increase the insurer's exposure to very small claims
Giải thích
A deductible is the portion of a loss the insured pays before the insurer pays. It reduces premiums by eliminating small claims that are costly to process, and it gives the insured a stake in preventing losses. Deductibles do not guarantee profit and are a separate concept from coinsurance, which addresses the adequacy of the amount of insurance carried.
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Câu hỏi liên quan cùng chủ đề
- Actual cash value (ACV) is most accurately calculated as:
- A commercial building is insured under a policy with an 80% coinsurance clause. The building's replacement cost is $500,000, but it is insured for only $300,000. After a $100,000 covered loss, how much will the insurer pay before any deductible?
- Under a named-perils property policy, the burden of proving that a loss was caused by a covered peril rests with:
- The clause that determines how a loss is shared when two or more policies cover the same property is the:
- A commercial flat roof would cost $48,000 to replace today. It has a 20-year expected life, it was 15 years old when a covered windstorm destroyed it, and the policy settles building losses on an actual cash value basis with no deductible. What does the insurer pay?
- When an adjuster depreciates a nine-year-old commercial carpet to reach actual cash value, the deduction is measured by the carpet's:
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