MI Public Adjuster Practice Questions - Michigan Public Adjuster Exam

What is the 'no benefit to bailee' clause in a property policy?

A clause benefiting storage facilities A clause stating that the insurance shall not benefit any person or organization having custody of the insured property, preventing bailees from relying on the property owner's insurance A clause excluding storage facilities from coverage A clause requiring bail for insured persons

Correct Answer:

A clause stating that the insurance shall not benefit any person or organization having custody of the insured property, preventing bailees from relying on the property owner's insurance

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