Which of the Following Statements Best Describes the 80 Percent

question 28

Multiple Choice

Which of the following statements best describes the 80 percent rule?

• A)Your home is covered for 80 percent of its original value,regardless of replacement cost.
• B)Your home is covered for replacement cost,provided the total premiums paid are less than 80 percent of the outstanding premiums due.
• C)Replacement cost coverage is only effective if your home is insured for at least 80 percent of its replacement cost.
• D)Your house cannot be replaced if its replacement cost is less than 80 percent of assessed market value.
• E)none of the above

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Definitions:

Good Reputation

The positive perception of an entity (individual, organization, product) based on its actions, ethics, and performance.

Outrageous Conduct

Actions that are extremely offensive, shocking, or beyond the bounds of acceptable societal behavior.

Emotional Distress

A legal term for the mental anguish or suffering one endures as the result of another party's conduct, potentially actionable in personal injury claims.

Intent

The state of mind directing a person's actions towards a specific objective or goal, especially relevant in determining the legal implications of those actions.