Exam (elaborations)
C11 - Insurance - Chapter 11 Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
- Course
- Institution
Name & Define the 2 types of Losses an Insured can face? : First Party - A loss experienced by the insured. Involves the insured, the insurer & a lien holder/mortgagee. Third Party- (aka liability coverage) A loss by a person who is not a listed member on the policy. Who is responsible for p...
[Show more]