财产保险基础第 279 / 531 题
An agreed value provision on a commercial property policy works by:
a.Suspending the coinsurance clause for a term
b.Paying the full limit for any covered loss
c.Fixing the deductible for the policy term
d.Raising the limit as construction costs rise
解析
Agreed value is written after the insured files a statement of values that the insurer accepts, and in exchange the coinsurance condition is suspended, so a partial loss is settled without any underinsurance penalty. It does not turn the policy into a promise to pay the limit for every loss: the loss is still measured and the deductible still applies. Automatic increases in the limit as costs climb are the work of an inflation guard, not of agreed value.
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同考点相关题目
- The limit of insurance shown on the declarations for a building tells the insured:
- 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 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:
- 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:
- Property written on a stated amount basis is settled at a covered total loss by paying:
- An inflation guard provision attached to a property policy:
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