Quentin Is Getting Quotes for Insurance on His Building

question 35

Multiple Choice

Quentin is getting quotes for insurance on his building.His agent recommends he purchase enough to cover the ___________________ even though this amount is more than Quentin paid for it.

• A)replacement value
• B)actual cash value
• C)coinsurance value
• D)minimum value

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Definitions:

Powhatan

Refers to a Native American people in Virginia at the time of British colonization, also the name of their leader who interacted with the English settlers at Jamestown.

Trade

The exchange of goods, services, or both within and between countries, driven by the principle of comparative advantage and market demand.

Indentured Servants

Individuals who signed a contract to work for a specific period of time in exchange for passage to the New World, food, accommodation, and a form of 'freedom dues' at the end of their term.

Women In Virginia

A term referring to the life, roles, and historical contributions of women in the state of Virginia, highlighting their social, political, and economic experiences.