Question

The insured with a homeowners policy has had damage to his property caused by a volcano. Which of the following is true?

A.) All volcanic eruptions within a 72-hour period will be considered one occurrence
B.) None of the damage is covered
C.) All eruptions are considered separate occurrences no matter how close together
D.) Coverage for each volcanic eruption would require a separate deductible

Answer 1

All volcanic eruptions within a 72-hour period will be considered one occurrence.

Step-by-step explanation:

If a homeowner's property is damaged by a volcano, the answer to the question is A.) All volcanic eruptions within a 72-hour period will be considered one occurrence. This means that if multiple volcanic eruptions occur within a 72-hour period, they will be treated as a single event for insurance purposes. In this case, the homeowner would only need to pay one deductible for the overall damage caused by all the eruptions.