Andrew Is Applying for Insurance for His New Home

question 36

Multiple Choice

Andrew is applying for insurance for his new home.Which of the following is correct?

• A) He should base the amount of insurance on the price he paid for it.
• B) He should insure the building for 75% of its replacement cost.
• C) He should use the replacement value method for settling claims to receive the full cost of repairing or replacing his personal belongings.
• D) His personal belongings should automatically be covered with his home at 125% of his home's insured amount.
• E) His insured amount should remain the same as long as he lives in his house.

---

Definitions:

Data Source

Refers to the origin of data that is being used in a data processing system or application, such as a database, a file, or an external device.

Email Button

A button within software applications that, when clicked, initiates the process of composing or sending an email through the user’s email client.

External Data Tab

A feature in applications like databases or spreadsheets where users can connect, import, and manage data from outside sources.

Delimited Text File

A text file where each piece of data is separated by a specific delimiter, such as a comma or tab, to organize the data into readable segments.