Which of the Following Statements Concerning the Coverage of Collapse

question 42

Multiple Choice

Which of the following statements concerning the coverage of collapse of the dwelling under an unendorsed Homeowners 3 policy is true?

• A)There is no coverage for collapse,regardless of the cause of the collapse.
• B)Collapse is covered if it is caused by one of the Coverage C perils.
• C)If collapse is caused by an earthquake,the loss is covered.
• D)There is no coverage for collapse unless the proper endorsement is added to the policy.

Understand and apply the formula for compound interest to solve for an unknown interest rate.

Understand the relationship between perimeter and area of a rectangle and apply this understanding to solve inequality problems related to dimensions of geometric shapes.

Solve inequalities involving algebraic expressions.

Develop the ability to round numerical answers to a specified degree of accuracy.

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Definitions:

Depreciated Value

The value of an asset after accounting for depreciation, which is the reduction in value over time due to wear and tear, age, or obsolescence.

Delivery Van

A vehicle specifically designed and used for transporting goods rather than passengers.

Tax Purposes

A phrase referring to the reasons or objectives related to the assessment or payment of taxes.

Rises

In the context of graphs, refers to the upward movement of a function or value as it moves along the horizontal axis.