Cơ bản về bảo hiểm tài sảnCâu 270 / 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
Giải thích
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.
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Câu hỏi liên quan cùng chủ đề
- 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:
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- 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:
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