Under a Multiple Insurance Clause, a Homeowner Who Insures a Home

question 60

True/False

Under a multiple insurance clause, a homeowner who insures a home for 80 percent of its value can recover only 80 percent of the cost for damage to it.

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Definitions:

Typical Entrepreneur

Someone who sets up and runs business ventures, facing more significant financial risks than typically expected.

Careful Examination

A diligent and thorough inspection or analysis of an object, document, or situation to ascertain its condition or validity.

Perseverance

The quality of persistence and determination in doing something despite difficulty or delay in achieving success.

Technical Skills

Specific abilities and knowledge required to perform certain tasks, often related to technological or scientific fields.