Henry and Mila Are Newlyweds and Received Some Very Expensive

question 99

Multiple Choice

Henry and Mila are newlyweds and received some very expensive wedding gifts, including some beautiful silverware and jewelry. Their homeowner's policy

• A) automatically covers these items.
• B) does not automatically cover such items and they must take out a separate policy specifically for those types of items.
• C) does not automatically cover these items, but a rider can be used to add this coverage.
• D) automatically covers these items from theft, but not from damage due to fire, explosion, or vandalism.

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Definitions:

Satisficers

Individuals who make decisions that suffice to meet their needs rather than optimizing the best possible outcome.

Solutions

Solutions are answers or ways to effectively deal with a problem or challenge.

Cognitive Bias

A structured manner of diverging from the norm or logical reasoning in making judgments, allowing for conclusions about others and situations to be made in a way that lacks logical coherence.

Paid

Receiving monetary compensation for services rendered or work performed.