Business Studies
ASSERTION

The floating policy protects the policyholders against errors and omissions.

REASON

Goods are insured even if policyholders fails to report that goods have already been forwarded from the place of shipment.


ANSWER

Both Aassertion and Reason are true and R is not the correct explanation of Assertion


SOLUTION
reasons If you choose not to rebuild your home, you may receive a smaller settlement amount than if you were to rebuild. Homeowner's insurance is settled as actual cash value, meaning settlements are diminished according to depreciation, unless you have a replacement cost endorsement.
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Assertion & Reason Medium Published on 18th 08, 2020
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