Events That Are Typically Not Covered by Your Homeowner's Insurance

question 135

Multiple Choice

Events that are typically not covered by your homeowner's insurance include all of the following, except

• A) termites.
• B) bursting of frozen pipes.
• C) earthquakes.
• D) nuclear accidents.

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Definitions:

Tax Increase

A raise in the amount of money that must be paid to the government based on earnings, property value, or purchases, often implemented to fund public services.

Representativeness Heuristic

A cognitive shortcut used in decision making, where the likelihood of an object belonging to a category is assessed based on how similar it is to one's conception of that category.

Conjunction Fallacy

A logical fallacy where people incorrectly judge the probability of the conjunction of two events to be more likely than the probability of a single one of those events.

Subcategory

A more specific grouping within a larger category, often distinguished by particular characteristics.