Which of the Following Perils Is Covered Under the Dwelling

question 23

Multiple Choice

Which of the following perils is covered under the Dwelling Property 2 (broad form) policy?

• A)weight of ice,snow,or sleet
• B)flood
• C)theft
• D)earthquake

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Definitions:

Just-in-time

An inventory strategy companies use to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.

Restrictive Policy

Measures taken by a government or financial institution to limit borrowing and spending in an attempt to curb inflation or stabilize the economy.

Neutral Policy

A stance or policy adopted by an organization or government that is neither supportive nor against a particular issue, aiming for a balanced approach.

Accounts Payable

Liabilities owed by a business to its creditors for purchases or services rendered that are expected to be paid off within a year.