The term "theft" is broad enough to cover:
The term "theft" is broad enough to cover:
Any illegal act committed
Forgery or writing bad checks
Arson for profit or extortion
Robbery, burglary and larceny
Answer: Robbery, burglary and larceny
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
Comments
Post a Comment