How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
A. One
B. Two
C. Three
D. Unlimited
Answer: A. One
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