1. If the insurer makes a loss payment to a person who has a right to recover damages from a negligent third party, the insurer has what legal right against that third party?
1. A legal right of estoppel.
2. A legal right of salvage.
3. A legal right of subrogation.
4. A legal right of loss mitigation.
2. Which of the following individuals might need the homeowners ordinance or law - increased amount of coverage endorsement (HO 04 77) to a homeowners policy?
1. A person who owns a home in an older neighborhood.
2. A person who owns a home in an historical area.
3. A person who owns a home in a recently re-zoned neighborhood.
4. All of the above.