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Identify the two occupancies for when coverage does not normally cease under the form:

a) Residential and Commercial
b) Industrial and Retail
c) Owner-Occupied and Vacant
d) Temporary Structures and Permanent Buildings

1 Answer

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Final answer:

The two types of occupancies where coverage does not normally cease under an insurance policy form are likely to be Owner-Occupied and Vacant. Coverage is usually uninterrupted for an owner-occupied property and for temporary vacancies, assuming they are within the policy's allowable period.

Step-by-step explanation:

To the identification of the two types of occupancies where coverage does not normally cease under an insurance policy form. The options refer to different property uses. Coverage is typically an integral part of an insurance contract that specifies the risks assumed by the insurer, the nature of the coverage provided, and the occasions where coverage may continue or terminate.

Considering the standard terms found in many property insurance policies, the two occupancies for which coverage does not normally cease are likely to be Owner-Occupied and Vacant. This is because, generally, insurance policies account for the possibility that the property may temporarily be vacant without the insurance coverage ending. While 'owner-occupied' indicates the property's routine use and habitation by the owner, 'vacant' may refer to the status of the property during a temporary absence that doesn't necessarily violate the terms of the coverage. The exact terms can vary, so one should always consult their specific policy wording to clarify coverage details.

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