Cơ bản về bảo hiểm tài sảnCâu 277 / 531
A distributor keeps stock in three warehouses and the amounts shift between them week to week. Blanket insurance suits this better than specific insurance because:
a.Each building carries its own stated limit
b.One limit applies across all the locations
c.It removes the coinsurance clause entirely
d.It pays regardless of the stock's real value
Giải thích
A blanket limit applies to all the described property at all the described locations, so the insured is not penalised when values move from one warehouse to another. Specific insurance is the opposite arrangement, a separate stated limit for each building or class of property, and it is the one that leaves a location short when stock shifts. Blanket writing does not delete coinsurance either; the test is simply run against the combined values on the statement of values.
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Câu hỏi liên quan cùng chủ đề
- Two policies with no special other-insurance wording cover the same building, one for $300,000 and one for $200,000. A covered $80,000 loss occurs. On a pro rata basis, the $200,000 policy pays:
- Which of these parties holds an insurable interest in a commercial building?
- The limit of insurance shown on the declarations for a building tells the insured:
- A blanket limit of $900,000 covers two buildings reported at $700,000 and $500,000 on the statement of values, under an 80 percent coinsurance clause with no deductible. A $250,000 covered fire loss strikes the smaller building. The insurer pays:
- An agreed value provision on a commercial property policy works by:
- A policy with a $900,000 agreed value limit insures a building whose replacement cost has climbed to $1,050,000 by the time a $300,000 covered loss occurs. The deductible is $10,000. The insurer pays:
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