The Homeowners 3 Policy Limits the Amount of Coverage Provided

question 11

Multiple Choice

The Homeowners 3 policy limits the amount of coverage provided on certain personal property (e.g.coin collections and silverware) .This personal property can be adequately insured by

• A)lowering the deductible which applies to personal property losses.
• B)storing the property away from the home at another location.
• C)adding a schedule to the policy listing the property with specific amounts of insurance.
• D)adding an appraisal clause to the policy.

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Definitions:

Former Employer

An employer with whom an individual used to work in the past but no longer has a working relationship.

Major Elements

The primary or most important components that make up a system, structure, or compound.

Perceptual Process

The sequence of steps through which individuals select, organize, and interpret sensory information to understand the world around them.

Perceptual Accuracy

The extent to which one's observations or judgments mirror the true state of affairs or real characteristics of objects or situations.