If an individual insures his dwelling and contents under a DP-3, he would be protected against loss by all of the following perils EXCEPT

a) Damage to the dwelling caused by burglars.

b) Theft of personal property located in the dwelling.

c) Damage caused by vandals.

d) Damage caused by the weight of ice, snow, or sleet.

Answer: B

Insurance Property and Casualty

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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?

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All of the following are true regarding a decreasing term policy EXCEPT
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