Replacement-Cost Coverage Is the Reimbursement Of

question 29

Multiple Choice

Replacement-cost coverage is the reimbursement of:

• A)the cost of repairing or replacing damaged structures without deducting physical depreciation.
• B)reasonable living expenses while the insured's house is being repaired.
• C)the cost of damages caused by perils other than those mentioned in the policy.
• D)the cost of defending the insured.
• E)the increase in the deductible to reduce the amount of the insurance premium.

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Definitions:

Human Good

Pertains to what is considered beneficial, desirable, or valuable from a moral or welfare perspective, leading to the well-being and flourishing of individuals and communities.

Social Upheaval

A state of significant disturbance, change, or disruption within a society, often due to political, social, or economic factors.

Durkheim's Contribution

Refers to the foundational contributions by Emile Durkheim to sociology, particularly his insights on social cohesion, the division of labor, religion, and his concept of anomie.

Social Basis

The underlying foundation or support for particular societal norms, behaviors, institutions, or structures within a community or society.