Question

Identify the common exclusion to the Valuable Papers and Records Insurance and the Accounts receivable form and why:

a. Loss due to computer viruses
b. Loss caused by war or military action
c. Loss resulting from intentional acts
d. Loss due to gradual deterioration

Answer 1

The common exclusion to Valuable Papers and Records Insurance and Accounts receivable form is c. loss resulting from intentional acts.

Step-by-step explanation:

The common exclusion to the Valuable Papers and Records Insurance and the Accounts receivable form is c. loss resulting from intentional acts.

Intentional acts refer to any actions taken with the purpose of causing harm or damage.

Insurance policies typically exclude coverage for losses that are intentionally caused by the policyholder or other individuals.

For example, if a company intentionally destroys its own valuable papers or records, or if an employee intentionally steals accounts receivable, these losses would not be covered under the policy.