You Have an HO Policy with the Following Limits

question 22

Multiple Choice

You have an HO policy with the following limits:
A=$50,000 (dwelling) B=$5,000 (other structures) C=$25,000 (personal property) .
A tornado strikes your property. You lose your house,which is worth $40,000 at the time of the loss. You also lose an unattached shed worth $8,000,and personal property worth $30,000.You will collect:

• A)$78,000
• B)$70,000
• C)$58,000
• D)None of the above

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Definitions:

Obedience

The act of following orders or instructions from an authority figure, even if it goes against one's personal beliefs or desires.

Brainstorm

The process of generating creative ideas and solutions through intensive and freewheeling group discussion.

Morale

The assurance, zest, and self-control exhibited by an individual or team at a specific moment.

Ideas

Mental concepts or thoughts that can lead to creativity or planning.