Many Types of Properties Are Covered by Homeowner's Policies

question 90

Multiple Choice

Many types of properties are covered by homeowner's policies. These policies also define the types of losses they cover and the persons and the locations covered. There are three types of property-related losses when misfortune occurs. Which one of the following is Not out of those losses?

• A) Direct loss of property
• B) Indirect loss occurring due to damaged property
• C) Additional expenses occurring due to direct and indirect losses
• D) Replacement cost

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Definitions:

Enforcement Lawsuit

A legal action taken to ensure compliance with laws, regulations, or court orders, often initiated by a governing body or regulatory authority.

EEOC

The Equal Employment Opportunity Commission, a U.S. federal agency responsible for enforcing laws against workplace discrimination.

Employment Contract

A legal agreement between an employer and an employee outlining the terms of employment, including duties, compensation, and duration.

Arbitrate

To arbitrate is to resolve a dispute through arbitration, where a neutral third party (the arbitrator) makes a binding decision, avoiding court litigation.