Exam DISC-IA Practice Question 412
Study guide: Exam DISC-IA
A collector insures his classic convertible under ISO's coverage for damage to your auto (maximum limit of liability) endorsement, PP 03 08, at a scheduled amount of $25,000 with a $500 deductible. Which statement about how a loss to the car is settled is correct?
- A) A total loss always pays $24,500, because the scheduled amount is an agreed value
- B) If the car's value rises above $25,000, the payment for a total loss rises with it
- C) If the car's actual cash value falls to $18,000, a total loss pays $17,500
- D) A partial loss is paid at the scheduled amount less the deductible
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