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

question 30

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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. A fire insurance policy is a contract of utmost good faith.


Definitions:

Hallux

The medical term for the big toe, crucial for balance and walking.

Bursa

A fluid-filled sac located in areas where friction occurs, serving as a cushion between bones and tendons or muscles around a joint.

Arthroplasty

A surgical procedure to restore the function of a joint by resurfacing the bones or replacing the joint with artificial components.

Arthrodesis

A surgical procedure to fuse the bones in a joint, eliminating the joint to alleviate pain.

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