One of the "Tips for Buying a Homeowners Policy" Is

question 26

Multiple Choice

One of the "Tips for Buying a Homeowners Policy" is to consider purchasing a personal umbrella policy.What coverage is provided by a personal umbrella policy?

• A)blanket property coverage for any damage caused by water
• B)excess liability coverage and coverage for some liability claims excluded by underlying policies
• C)all-risk,replacement cost,property coverage
• D)coverage for business and professional liability

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Definitions:

Current Account Surplus

A scenario in which the total goods, services, and transfers a country exports are greater than what it imports.

Trade Surplus

A situation where a country's exports exceed its imports during a specific period of time, indicating a positive trade balance.

Current Account Deficit

An assessment of a nation's trade balance when the cost of imported goods and services surpasses the value of its exports.

International Gold Standard

A monetary system in which the value of a country's currency is directly linked to gold, allowing for free conversion between the currency and gold at a fixed price.