Home-Based Business Owners Add a ________ to Their Homeowner's Insurance

question 86

Multiple Choice

Home-based business owners add a ________ to their homeowner's insurance policy to ensure that they have adequate coverage.

• A) deductible unit
• B) compensation clause
• C) rider
• D) tag

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Definitions:

Majority Rule

A principle in democracy stating that the decisions and choices of the greater number of participants should guide the actions and policies of the group.

Integrated Contracts

An integrated contract is a written agreement that constitutes the final and complete understanding between parties, encompassing all terms and conditions.

Parol Evidence Rule

A legal principle that prevents the parties to a written contract from presenting extrinsic evidence of terms of the agreement that contradict, modify, or vary contractual terms.

Written Agreement

A formalized contract between parties that is expressed in written form and signed to evidence the agreement.