The First Step in Buying Property and Liability Insurance Is

question 18

Multiple Choice

The first step in buying property and liability insurance is to develop a(n) :

• A)list of insurance agents offering insurance.
• B)inventory of exposures to loss.
• C)statement of premiums of five different insurance companies.
• D)list of floater policies.
• E)replacement cost for your property.

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Definitions:

Sensory Adaptation

The adjustment of sensory receptors to continuous stimulation, leading to decreased sensitivity to that stimulus over time.

Unchanging Levels

A state or condition where there is no variation, fluctuation, or progression in intensity, degree, or quality over a certain period.

Longest Wavelength

Refers to the type of electromagnetic wave that has the lowest frequency and, consequently, the longest wavelength in the spectrum.

Visible Spectrum

The portion of the electromagnetic spectrum that is visible to the human eye, typically encompassing wavelengths from approximately 380 to 750 nanometers.