What will individuals gain as a benefit of applying sound risk management to automobile loss exposures?

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What will individuals gain as a benefit of applying sound risk management to automobile loss exposures?

A. No future increases in insurance premiums

B. A loss free future

C. Economic growth

D. Greater peace of mind

Answer: D

AINS Chapter 7

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B

In insurance,

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