Hợp đồng nhà ở (DP)Câu 299 / 531
A dwelling policy is written on a house being built for the owner who will live in it. The Coverage A limit should be set at:
a.the price of the lot plus the permits
b.the builder's profit on the whole job
c.the value of the work finished so far
d.the completed value of the dwelling
Giải thích
A building under construction is written to its completed value, because the amount at risk climbs toward that figure as the work goes on and the form measures any loss against the work actually in place. Setting the limit at the work finished so far would leave the insured short within weeks. Land, permits, and the builder's profit are not covered property.
Luyện miễn phí toàn bộ 531 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- A homeowner moves out of her house, rents it to a family, and asks to keep her homeowners policy on it. Her producer must move the risk to a dwelling policy because:
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