High Winds Cause Damage to Trees, Shrubs, and Other Plants

question 9

Multiple Choice

High winds cause damage to trees, shrubs, and other plants. This insurance claim would be covered under the ____________ component of homeowner's insurance.

• A) additional living expenses
• B) personal property
• C) building and other structures
• D) personal liability
• E) property damage

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Definitions:

Yield To Maturity

The total return expected on a bond if it is held until its maturity date.

Price Decline

Price decline refers to the decrease in the market price of a security or asset over a specific period.

Equal Magnitude

A term used to describe quantities or values that are the same in size, amount, or degree.

Pure Yield Pickup Swap

A strategy where an investor moves into higher-yielding securities, trading off shorter-duration or lower-quality bonds for higher yield, assuming additional risk.