All of the Following Losses Are Subject to Special Limits

question 50

Multiple Choice

All of the following losses are subject to special limits of liability under the Homeowners 3 policy EXCEPT the

• A)theft of firearms.
• B)destruction by fire of property used for business purposes.
• C)storm damage to a boat at a marina.
• D)destruction of jewelry by fire.

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Definitions:

Standard Deviation

A measure of the dispersion or variability in a set of data or probability distribution.

Returns

The gains or losses from an investment over a specific period, usually expressed as a percentage.

Years

Units of time equal to 365 days (or 366 days in leap years), used as a basic measure of time for planning and agreements.

Risk Premium

The additional return expected for holding a risky investment over a risk-free one.