Are you looking for the correct answer to the question “Following the holiday season, an insured decides to store his decorations in the attic for the summer. While moving the decorations, he accidentally drops a heavy box that crashes through the ceiling and damages a table and lamp in the dining room causing $1,000 of damage to them. His HO 00 03 will pay”? If that’s the case, you don’t have to worry anymore. Azanswer team is here with the right answer to your question. Please check below to know the answer.
Following the holiday season, an insured decides to store his decorations in the attic for the summer. While moving the decorations, he accidentally drops a heavy box that crashes through the ceiling and damages a table and lamp in the dining room causing $1,000 of damage to them. His HO 00 03 will pay
1. $1,000 less the deductible.
2. The market value of the damaged property.
3. Nothing.
4. $1,000.
1. $1,000 less the deductible.
Answer: 3. Nothing.
The above question Following the holiday season, an insured decides to store his decorations in the attic for the summer. While moving the decorations, he accidentally drops a heavy box that crashes through the ceiling and damages a table and lamp in the dining room causing $1,000 of damage to them. His HO 00 03 will pay, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
