When Insuring Property, People Need to Consider Not Only Replacing

question 15

Multiple Choice

When insuring property, people need to consider not only replacing and restoring the actual property in the event of a loss, but also the:

• A)liability arising from the insured's responsibility for property loss.
• B)construction cost of the property.
• C)home equity in the property.
• D)excess compensation claim for loss to the property.
• E)time used to construct objects.

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Definitions:

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