Consequential loss coverage is provided on all Homeowners Forms. All of the following statements respecting this coverage are true, except one. Pick the Exception.
Understand the Problem
The question is asking which statement about consequential loss coverage is an exception among the provided options. The respondent must identify the one incorrect statement about coverage under homeowners forms.
Answer
b) insures loss to personal property due to change of temperature.
The exception is: b) insures loss to personal property due to change of temperature.
Answer for screen readers
The exception is: b) insures loss to personal property due to change of temperature.
More Information
Consequential loss insurance generally covers indirect financial losses, such as loss of rental income, rather than direct damage to personal property due to temperature changes.
Tips
A common mistake is assuming all physical damages and indirect losses are covered. Understand the specific trigger points for consequential loss coverage.
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