A special coverage policy is a policy that
A)has no exclusions.
B)provides open-perils coverage.
C)provides replacement cost coverage.
D)has coverage for multiple lines of insurance.

Question

Quizplus · Accepted Answer

A special coverage policy provides open-perils coverage, which means it covers all risks that are not specifically excluded in the policy. It does not necessarily provide replacement cost coverage, nor does it have coverage for multiple lines of insurance. And while it may have fewer exclusions than some other policies, it is not necessarily completely free of exclusions.

A Special Coverage Policy Is a Policy That