Section I of the Homeowners 3 Policy Provides Coverage for All

question 22

Multiple Choice

Section I of the Homeowners 3 policy provides coverage for all of the following EXCEPT

• A)loss of use.
• B)personal property.
• C)other structures.
• D)medical payments.

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Definitions:

Bowed Out

A phrase indicating withdrawal or retreat from a competition, situation, or commitment.

Increasing Opportunity Costs

The economic concept that as production of a good increases, the opportunity cost of producing an additional unit of that good also increases.

Production Possibilities Schedule

A graphical representation that shows the different combinations of two goods or services that can be produced within a given time period, provided that available resources and technology are static.

Consumer Goods

Goods that are produced for direct consumption by the end user.