To Meet the Replacement-Cost Requirement,a Homeowner Must Insure His or Her

question 82

True/False

To meet the replacement-cost requirement,a homeowner must insure his or her home for at least 80 percent of its replacement value.

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Definitions:

Heat

A form of energy transferred between objects or systems due to a temperature difference, often perceived as warmth.

Argument By Analogy

making an argument based on the similarity between two situations or cases, suggesting that what applies to one should apply to the other.

Similarity

The state or fact of being similar; resemblance or likeness between persons, things, or ideas.

Property

A characteristic, quality, or trait belonging to a person or thing.