Which of the Following Losses Would Be Covered Under Section

question 21

Multiple Choice

Which of the following losses would be covered under Section II of an unendorsed Homeowners 3 policy?

• A)The homeowner accidentally dropped a bowling ball,injuring another bowler's foot.
• B)The homeowner's nanny was injured on her day off while hiking at a state park.
• C)The insured slandered a city council member at a city council meeting.
• D)The homeowner's dog bit the homeowner's daughter.

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Definitions:

Opportunity Cost

The cost of missing out on the next best alternative when making a decision.

Present Value

The current value of a future sum of money or stream of cash flows, given a specified rate of return.

Network Design

The planning and optimization of a network's physical, financial, and operational capacities to achieve desired objectives.

Marginal Benefit

The additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.