Business Law Study Set 7
Quiz 50: Insurance
The Coverage of a Standard Fire Insurance Policy Cannot Be
The coverage of a standard fire insurance policy cannot be enlarged by adding riders or endorsements to the policy.
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Personal injury is not covered under a standard fire insurance policy.
Under the replacement cost insurance, an insurer has the right to either pay the insured for the loss or pay to have the property restored.
A homeowner's policy does not cover theft that takes place at an insured's workplace even if the item is insured.
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