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In a boat owners watercraft policy losses are usually paid on?
A a replacement cost basis
B A repair cost basis
C an actual cash value basis
D a depreciation basis
C) an actual Cash value basis
Which of the following would not be excluded in a personal watercraft policy?
A a 25 foot speed boat is used in an official Race 3 times a year
B A personable is used as a charter boat on the weekends for fee
C a personal boat is used for entertaining family and friends
D a pontoon boat is used to transport business property across a lake
C) a personal boat is used for entertaining family and friends
Which of the following provides additional liability insurance over and above the auto homeowners or boat policy?
A personal umbrella policy
B a supplementary policy
C an extra insurance policy
D a self-insured retention limit
A) A personal umbrella policy
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