Multiple Choice
Even though homeowners are eligible for reimbursement on a full replacement-cost basis if they keep their homes insured for at least 80 percent of the amount that it would cost to build them today,__________ can cause the actual amount of coverage to fall below 80 percent.
A) the replacement cost
B) inflation
C) the insurance premium
D) deductibles
Correct Answer:

Verified
Correct Answer:
Verified
Q6: Homeowner's co-insurance requires the insured to carry
Q7: A captive agent typically represents two to
Q10: A house with a replacement value of
Q15: Donna,who is single and 30 years old,received
Q17: It pays to comparison shop for insurance
Q17: Insurance policies provide the opportunity for claims
Q20: The best way to buy automobile insurance
Q20: A higher home insurance cost may result
Q34: Uninsured motorists protection usually provides protection to
Q50: Comprehensive automobile coverage refers to:<br>A) complete coverage