Personal risk management

I don’t know how to handle this Business question and need guidance.

Homework 7

  1. Explain the difference between endorsements that modify the perils insured against and those that modify valuation provisions.
  2. What is the purpose of the personal property replacement cost loss settlement endorsement (HO 04 90)?
  3. What is the purpose of the owned motorized golf cart physical loss coverage endorsement (HO 05 28)?
  4. What are the two general categories outlined that eliminate or limit homeowners policy coverage for certain types of roof damage? Provide an example of one of these.

Personal risk management

I don’t know how to handle this Business question and need guidance.

Homework 7

  1. Explain the difference between endorsements that modify the perils insured against and those that modify valuation provisions.
  2. What is the purpose of the personal property replacement cost loss settlement endorsement (HO 04 90)?
  3. What is the purpose of the owned motorized golf cart physical loss coverage endorsement (HO 05 28)?
  4. What are the two general categories outlined that eliminate or limit homeowners policy coverage for certain types of roof damage? Provide an example of one of these.