In Addition to the Coverages Provided in a Policy of Fire

question 22

Multiple Choice

In addition to the coverages provided in a policy of fire insurance,homeowners insurance provides coverage for:

• A) an annuity component
• B) private mortgage insurance
• C) flood insurance
• D) personal liability
• E) disability of the homeowner

---

Definitions:

Reduction Strategy

A plan implemented to decrease resources, expenses, or workforce in an organization for efficiency or cost-saving purposes.

Early Retirement Packages

Financial incentives offered by employers to encourage older employees to retire before their normal retirement age, often as a cost-saving measure.

Turnover Rate

The percentage of employees leaving a company within a certain period, indicating the rate at which an organization gains or loses staff.

Training Programs

Structured educational initiatives designed to enhance the skills, knowledge, and performance of employees.