CMFAS PGI Property & Household Insurance question: standard exclusions or grounds for denial under a property policy

CMFAS PGIProperty & Household Insurance

All of the following are standard exclusions or grounds for denial under a property policy EXCEPT:

A Loss caused by the insured's gross negligence or wilful act
B Gradual deterioration, mould and inherent defect
C Loss while the premises are left unoccupied beyond a stated period
D Sudden accidental damage to the building by an insured peril

Show the answer and explanation

Answer: D. Sudden accidental damage to the building by an insured peril

Sudden accidental damage by an insured peril is exactly what the policy pays for; wilful acts, gradual deterioration and unoccupancy beyond a stated period are standard exclusions or grounds for denial.

Common mistake

Reading a covered sudden accidental peril as if it were an exclusion.

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CMFAS PGI Property & Household Insurance question: standard exclusions or grounds for denial under a property policy

Answer: D. Sudden accidental damage to the building by an insured peril

Common mistake

Related CMFAS PGI questions

CMFAS PGI Property & Household Insurance question: standard exclusions or grounds for denial under a property policy

Answer: D. Sudden accidental damage to the building by an insured peril

Common mistake

Related CMFAS PGI questions