Choose the One Most Appropriate Answer for Each

question 72

Multiple Choice

Choose the one most appropriate answer for each.
-the new price minus accumulated depreciation and is, in effect, "old for old"

• 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:

Different Needs

refers to the varying requirements or desires across individuals or groups, often influencing consumer behavior and product development.

Fair Solution

An outcome or resolution that is just, equitable, and impartial to all parties involved in a dispute or negotiation.

Distributive Fairness

The perceived fairness of outcomes received, often related to resource distribution or the allocation of benefits and burdens.

Guaranteed Reservation

A booking or reservation that guarantees the customer's space will be held until a specified time, providing assurance against overbookings.