A Package of Coverage Including Most Property and Liability Coverage

question 46

Multiple Choice

A package of coverage including most property and liability coverage except workers' compensation, automobile insurance and surely bonds is called:

• A) Single peril
• B) Multiple peril
• C) Property lines
• D) professional property

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Definitions:

Tradeoffs

The balancing act of giving up one thing to gain another, often used in discussions about decision-making processes.

Decisions

Choices made from among alternatives based on judgement or information.

Rent

A payment made by a tenant at regular intervals in exchange for the use of land, a building, an apartment, an office, or other property.

Neighborhood Quality

The overall assessment of an area based on factors like safety, cleanliness, community services, and the physical environment.