Which of the Following Types of Insurances Provides Replacement Cost

question 71

Multiple Choice

Which of the following types of insurances provides replacement cost insurance?

• A) health insurance
• B) standard fire insurance
• C) disability insurance
• D) life insurance

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Definitions:

Property Taxes

Taxes levied on property owners by local governments, based on the assessed value of their property.

Financial Resources

Funds available to a person or organization for spending in the form of cash, liquid securities, and credit lines.

Agoraphobia

An anxiety disorder characterized by intense fear of being in places where escape might be difficult or embarrassing, or help might not be available in the event of having a panic attack.

Open Places

Areas that are freely accessible to the public and not confined by closed surroundings.