Which of the Following Is NOT Correct About Renter's Insurance

question 85

Multiple Choice

Which of the following is NOT correct about renter's insurance?

• A) The broad form covers personal property against perils specified in the policy.
• B) Renter's insurance covers the building and other structures on the site.
• C) The comprehensive form protects personal property against perils not specifically excluded in the policy.
• D) Typical coverage pays only the actual cash value of one's losses.
• E) Renter's insurance includes personal property protection, additional living expenses, and personal liability.

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Definitions:

Discontinued Operations

Parts of a company's core business or product lines that have been sold, disposed of, or eliminated from operations, often reported separately in financial statements.

Held-to-maturity Securities

Debt securities that an investor intends to hold until a fixed maturity date.

Debt Securities

Financial instruments that represent a loan made by an investor to a borrower, typically including terms for interest payments and the return of principal at maturity.

Fixed Maturity

A term related to fixed-income investments indicating the set date when the principal amount of the investment is paid back to the investor.