The insurable interest section of homeowners policy

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Reference no: EM13901394

1. The “insurable interest” section of a homeowners policy means that an insured is only covered up to the amount of his or her ownership interest in the property. T/F

2. A homeowners policy may place “special limits” on the amount of coverage for certain types of property. T.F

3. With no-fault auto insurance, a policyholder receives compensation for a claim from his or her own insurer, regardless of who caused the accident. T/F

4. Liability coverage is generally the most important part of an automobile policy. T/F

5. A tort is a private wrong that is prosecuted by the government. T/F

6. The role of evidence in decision making is most diminished when evidence is used merely to support a decision that has already been made. T/F

Reference no: EM13901394

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