Which of the Following Statements About the Personal Property Replacement

question 14

Multiple Choice

Which of the following statements about the personal property replacement cost endorsement used with the homeowners policy is (are) true?
I.The damaged or destroyed property must be repaired or replaced,no matter the size of the loss.
II.It is designed primarily for antiques and fine art.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Social Mobility

The ability or movement of individuals or groups to move within or between social strata in a society.

Trend

A general direction in which something is developing or changing; in sociology, it may refer to patterns of behavior, fashion, or opinions among a particular group or society.

Feudal System

A system of social stratification based on a hereditary nobility who were responsible for and served by a lower stratum of forced laborers called serfs.

Closed Social Hierarchy

A social structure where individuals' positions are fixed based on aspects like birth, with little opportunity for mobility.