All of the following statements regarding a property policy are correct, except:

All of the following statements regarding a property policy are correct, except:



a. An indirect loss is an additional loss that results from a direct loss


b. A deductible is a portion of a loss that an insured must bear


c. The conditions describe the responsibilities and obligations of the insurer and the insured


d. The insuring agreement personalizes the policy, specifying the exact property being insured



Answer: d. The insuring agreement personalizes the policy, specifying the exact property being insured

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