Respuesta :
The personal articles floater is written D. only on a named perils basis. This is illustrated in the insurance.
How to explain the information?
Due to different exclusions and limits on homeowner coverage, a personal articles floater is used to insure expensive personal items that frequently needs more coverage than what is offered by an insured's homeowner policy.
PAF, also known as personal floater insurance, is a sort of stand-alone policy coverage that offers insurance protection for goods other than the personal property covered by your renter's or homeowner's policy.
Only the risks that are specifically mentioned in the policy are covered by a named perils insurance contract. An insurance agreement might provide, for instance, that damages brought on by fire or vandalism will be covered.
In this case, the personal articles floater is written only on a named perils basis.
The correct option is D.
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