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chouri chouri
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7 years ago
Which of the following statements regarding the Coverage E limit in the homeowners policy is true?
A) It is an aggregate limit, and once the amount paid for one or more claims reaches the limit, no additional coverage is provided.
B) The limit applies only if a court orders the insured to pay—there is no coverage for settlements reached out-of-court.
C) Any legal defense costs incurred by the insurer are counted against the limit of liability.
D) The limit applies on a per-occurrence basis so more than the limit could be paid during the policy period.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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Toni_AnnetteToni_Annette
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7 years ago
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