Robert Purchased an Unendorsed Homeowners 3 Policy

question 8

Multiple Choice

Robert purchased an unendorsed Homeowners 3 policy.He is concerned that if his personal property is destroyed,the insurer will take depreciation into consideration when determining the loss settlement and will pay him less than the amount needed to purchase new property.Which endorsement can Robert add to his Homeowners 3 policy to address this concern?

• A)inflation guard endorsement
• B)personal injury endorsement
• C)personal property replacement cost endorsement
• D)earthquake endorsement

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Definitions:

Informational Constraint

Restrictions or limitations placed on data, such as access permissions or the structure of information.

Controlled Tests

Controlled tests are experiments or tests conducted under controlled conditions to isolate variables and determine specific outcomes.

Arguing from Ignorance

A fallacy that occurs when someone argues that a statement is true simply because it has not been proven false, or vice versa.

Ad Populum Argument

A fallacy that appeals to the popularity of a claim as a reason to accept it as true.