office building. Their insurance advisor has suggested that they consider coverage under the Legal Liability Coverage Form. The Legal Liability Coverage Form Provides a lower premium rate than direct property insurance on the covered real property. Contains a coinsurance condition that applies to property in Sharp's
office building. Their insurance advisor has suggested that they consider coverage under the Legal Liability Coverage Form. The Legal Liability Coverage Form Provides a lower premium rate than direct property insurance on the covered real property. Contains a coinsurance condition that applies to property in Sharp's
Chapter3: Business Income And Expenses
Section: Chapter Questions
Problem 14MCQ
Related questions
Question
Sharp Accounting rents a floor in an office building. Their insurance advisor has suggested that they consider coverage under the Legal Liability Coverage Form. The Legal Liability Coverage Form
Provides a lower premium rate than direct property insurance on the covered real property.
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Contains a coinsurance condition that applies to property in Sharp's custody.
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Contains a deductible that applies to damage caused by Sharp.
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Provides coverage for property of others in Sharp's custody regardless of fault.
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