Henderson Owned a Concrete Block Building Valued at $20,000

question 6

True/False

Henderson owned a concrete block building valued at $20,000. Because it was virtually fireproof, he insured it for only $10,000 under a policy of insurance which contained an 80% co-insurance clause. Some time later, the building was damaged by fire. If the fire damage was $8,000, the insurer would only be obliged to pay $5,000 of the claim.

---

Definitions:

Physically Hurts

Refers to sensations or experiences of pain that affect the body.

Relational Aggression

A form of social aggression where harm is caused through manipulation or damage to relationships.

Social Rejection

The act or experience of being deliberately excluded or disregarded by others within a social context or group.

Generous

Showing a readiness to give more of something, such as money or time, than is strictly necessary or expected.