Question

At an insurance agency located in New England you are reviewing the following situations that relate to open-perils coverage. Which of them is (are) considered to be true? I. All losses are covered except those losses specifically excluded. II. The burden of proof is on the insured to prove that a loss is covered.

1. I only

2.II only

3.both I and II

4. neither I nor II

Answer 1

The correct answer is option A i.e. All losses are covered except those losses specifically excluded.

At an insurance agency located in New England you are reviewing the following situations that relate to open-perils coverage. All losses are covered except those losses specifically excluded is the correct statement as in case of open perils all the losses are covered except it is specifically excluded.

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