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

question 3

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. Under a co-insurance clause, the insured becomes a partial insurer if he fails to maintain the required amount of insurance on the insured property.

---

Definitions:

Proper Sequence

An arrangement of events, actions, or processes in a logical or necessary order.

Proper Time

The time measured by a clock that is at rest relative to the observer, often used in the context of relativity to describe the time experienced by an object in its own inertial frame.

Plasticity

The brain's ability to change and adapt as a result of experience.

Neural Connections

The links between neurons in the brain that are formed through synapses, allowing for communication between different parts of the brain and the nervous system.