Frank owned a home that was destroyed by a hurricane. Both TD Bank and

Bank of America were listed as additional interests on his homeowner policy.

The insurance company will make a payment to:

A. The first mortgagee, TD Bank

B. The Insured

C. Jointly to TD Bank and Bank of America

D. All listed interests - ANSWER D. All listed interests

Insurance applies separately to each insured as if other insureds did not exist.

This is defined as:

A. Severability

B. Conditional

C. Warranty

D. None of the above - ANSWER A. Severability

Property insurance policies usually contain a(n) clause, stating

the insured cannot dump damaged property on the insurer and demand

its full value:

A. Pro Rata