Which of the following statements is CORRECT about perils in property insurance policies? a. A property insurance policy must contain a list of all covered perils. b. An HO-00-02 (HO-2) Form provides coverage for more perils than an HO-00-03 (HO-3) Form. c. A peril is defined as the cause of loss. d. A peril increases the chance of loss.
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This statement is not necessarily correct. While a property insurance policy will typically list the perils it covers, it may not list all possible perils. Some policies may provide coverage for all perils except those specifically excluded. b. This statement is Show more…
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