An Endorsement Can Provide Additional Coverage to a Homeowner's Policy

question 95

True/False

An endorsement can provide additional coverage to a homeowner's policy for business equipment.

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Definitions:

Market Approach

A method of determining the value of an asset based on the selling price of similar items in the market.

Tragedy Of The Commons

A scenario where individual use of a shared resource in their own interest depletes or spoils that resource, despite understanding that this is against the common good.

Design For Remanufacturing

The process of designing products so that they can be easily disassembled and reassembled or refurbished for future use.

Manufacturer

An entity engaged in the business of producing goods for sale, typically on a large scale, involving machinery and labor.