Which of the Following Losses to a Dwelling Would Be

question 14

Multiple Choice

Which of the following losses to a dwelling would be covered under an unendorsed Homeowners 3 policy?

• A)smoke damage resulting from agricultural operations of a neighboring farmer
• B)damage to the structure caused by a flash flood
• C)damage to the structure caused by the weight of heavy snow on the roof
• D)damage to a floor caused by water backing up through a sewer pipe

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Definitions:

Consignment

An arrangement where goods are left in the possession of another party to sell, but the ownership remains with the supplier until sold.

Initial Deposit

The first amount of money placed into an account or investment.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.

Monthly Instalments

Regular, typically monthly, payments made over a set period to repay a loan or purchase price.