The 80% Coinsurance Clause in a Homeowner's Policy Would Cause

question 53

Multiple Choice

The 80% coinsurance clause in a homeowner's policy would cause a reduction in the claim payment for a covered loss to the dwelling of $30,000 in which of the following cases:

• A) dwelling limit of $75,000,replacement cost of dwelling $90,000,actual cash value of dwelling $85,000
• B) dwelling limit of $75,000,replacement cost of dwelling $100,000,actual cash value of dwelling $90,000
• C) dwelling limit of $90,000,replacement cost of dwelling $90,000,actual cash value of dwelling $90,000
• D) dwelling limit of $110,000,replacement cost of dwelling $110,000,actual cash value of dwelling $90,000
• E) dwelling limit of $120,000,replacement cost of dwelling $100,000,actual cash value of dwelling $90,000

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Definitions:

Positive Emphasis

A communication strategy that focuses on positive aspects and strengths rather than negative issues.

Goodwill

An intangible asset representing the value of a company's brand, customer relations, employee satisfaction, and other non-physical assets.

You-attitude

A communication strategy focused on addressing the needs and interests of the audience, often used in business and persuasive writing to establish a positive connection.

You-attitude

A communication approach that focuses on the audience's perspective and needs.