Even Though Homeowners Are Eligible for Reimbursement on a Full

question 32

Multiple Choice

Even though homeowners are eligible for reimbursement on a full replacement-cost basis if they keep their homes insured for at least 80% of the amount that it would cost to build them today, _____ can cause the actual amount of coverage to fall below 80%.

• A) the replacement cost
• B) inflation
• C) the insurance premium
• D) deductibles
• E) the land value

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Definitions:

Personal Values

are the principles and beliefs that guide an individual's behavior and decision-making processes.

Networked Culture

A culture within an organization or community that is heavily influenced by, and heavily utilises, digital communication networks.

Swap And Exchange Ideas

The act of mutually sharing or trading thoughts, concepts, or viewpoints with others to foster collaboration or innovation.

Spiritual

Relating to or affecting the human spirit or soul as opposed to material or physical things.