Which of the Following Types of Water Damage Is Covered

question 29

Multiple Choice

Which of the following types of water damage is covered under an unendorsed Homeowners 3 policy?

• A)damage from a flood caused by torrential rain
• B)damage from water backing up through a drain
• C)damage from water below the surface of the ground that seeps into a basement
• D)damage from water that overflows from a malfunctioning washing machine

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Definitions:

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services.

Keep Up With Inflation

The process of adjusting spending, saving, or investment strategies to maintain purchasing power as the general price level increases over time.

CPI Increased

An indication that the Consumer Price Index has risen, signifying a period of inflation where consumer goods and services prices have gone up.

Base Year

A specific year chosen as a reference point for financial or economic data analysis.