The Insuring Agreement Of A Homeowners Policy Specifies That

If Lisa has a loss of $US 360,000, how much of the loss is covered by each policy if the loss is prorated by insurers? Non-life insurance contains declarations, conditions, definitions, exclusions and an insurance agreement. However, certain insurance conditions, such as the transfer of receivables, termination, other insurance and assignments, do not fall into these categories. The part of an insurance contract that contains these provisions is that Jane purchased $50,000 liability insurance from insurer A. Fearing that she did not have enough liability insurance, she purchased an additional $100,000 in liability insurance from insurer B. As a result of negligence, Jane was ordered to pay $75,000 in damages. .


Comments are closed.