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      Question

      A property or liability insurance contract in which all

      risks of loss are covered is called?
      A Affirmative Warranty Correct Answer Incorrect Answer
      B Aggregate Limits Correct Answer Incorrect Answer
      C Aleatory contract Correct Answer Incorrect Answer
      D All-Risk Agreement Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      All risks is a type of insurance coverage that automatically covers any risk that the contract does not explicitly omit. For example, if an all-risks homeowner's policy does not expressly exclude flood coverage, then the house will be covered in the event of flood damage.

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