A Business Owner's Policy Is Unique in That

question 4

Multiple Choice

A business owner's policy is unique in that

• A) it contains automatic replacement protection.
• B) the business owner cannot be the designated beneficiary.
• C) property insured by the policy must have an after-loss residual value.
• D) it cannot exclude named perils.

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Definitions:

Union Forces

The army and military resources of the United States (the North) during the American Civil War, battling against the seceding Confederate states.

Confederate Forces

Military forces representing the Confederate States of America during the American Civil War (1861-1865), primarily composed of volunteers and conscripts fighting for southern independence.

Indian Wars

A series of conflicts and battles between European settlers or the U.S. government and the indigenous peoples of North America, spanning from the early colonial period to the late 19th century.

Civil War

The Civil War was a conflict fought in the United States from 1861 to 1865, primarily over the issues of slavery and states' rights, resulting in the preservation of the Union.