Multiple Choice
When insuring property,people need to consider not only replacing and restoring the actual property in the event of a loss,but also __________.
A) the liability arising from the insured's responsibility for property loss
B) the construction cost of the property
C) the home equity in the property
D) the excess compensation claim for loss to the property
Correct Answer:

Verified
Correct Answer:
Verified
Q7: A captive agent typically represents two to
Q17: Insurance policies provide the opportunity for claims
Q20: A higher home insurance cost may result
Q20: The best way to buy automobile insurance
Q26: An increase in the amount of the
Q27: A factor that is likely to have
Q29: Replacement-cost coverage is the reimbursement of:<br>A)the cost
Q30: An insurance company assigns more complex loss
Q34: Uninsured motorists protection usually provides protection to
Q66: Which of the following homeowner's policies provides