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Suppose That Early This Year You Buy a Home Valued

question 15

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Suppose that early this year you buy a home valued at $180,000 and purchase $200,000 worth of fire insurance on it.According to the principle of indemnity,what amount of money would the insurer pay you if the home were totally destroyed by fire?


Definitions:

Homosexuality

Sexual attraction, affection, or behavior between members of the same sex or gender.

Sexual Masochism Disorder

A paraphilic disorder in which a person has repeated and intense sexual urges, fantasies, or behaviors that involve being humiliated, beaten, bound, or otherwise made to suffer, accompanied by clinically significant distress or impairment.

Humiliated

The feeling of shame, embarrassment, or loss of dignity resulting from an action, event, or circumstance that degrades one's self-respect or the respect of others.

Suffer

To experience or be subjected to something bad or unpleasant, typically pain or hardship.

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