Choose the One Most Appropriate Answer for Each

question 3

Multiple Choice

Choose the one most appropriate answer for each.
-describes a policy that covers all perils, except those excluded in writing

• A)all-risks policy
• B)actual cash value
• C)broad form (HO-2)
• D)endorsement
• E)flood insurance
• F)form HO-4
• G)form HO-6
• H)homeowner policy
• I)homeowner's warranty
• J)inflation guard
• K)insurable interest
• L)insurance premium
• M)insured
• N)medical payments
• O)new for old
• P)old for old
• Q)peril
• R)public liability
• S)tenant's policy
• T)worker's compensation policy

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Definitions:

Internal Locus

The belief that one has control over their own life and outcomes as opposed to external forces having that control.

Leisure Time

Free time spent away from work, business, or domestic chores, often used for relaxation or hobbies.

External Locus

A belief that one's life events are primarily controlled by external forces or the environment rather than one's own efforts.

Worth Or Importance

The perceived value or significance of something, often determining the attention and resources it receives.