Martin Would Like to Insure Valuable Personal Property Limited in Coverage

question 17

Multiple Choice

Martin would like to insure valuable personal property limited in coverage by his homeowners policy.Martin has two options.He can purchase the coverage through a separate personal articles floater policy or he can add an endorsement to his homeowners policy.The endorsement is called the

• A)extended coverage endorsement.
• B)scheduled personal property endorsement.
• C)personal injury endorsement.
• D)replacement cost endorsement.

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Definitions:

Market Prices

The current price at which an asset or service can be bought or sold in the market.

Paper Clips

Small pieces of bent wire or plastic used for holding together sheets of paper.

Metal

A class of elements characterized by physical properties such as conductivity, malleability, and magnetic attraction.

Illegal Goods

Products or services whose production, distribution, or consumption is prohibited by law.