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

question 59

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 is relatively inexpensive.

---

Definitions:

Destination Pricing

A pricing strategy where the cost of a product or service includes shipping expenses based on the item's final destination.

Uniform Delivered Pricing

A pricing strategy where a seller charges the same price to all customers, including the cost of shipping, irrespective of their geographical location.

Transportations Costs

Expenses associated with the movement of goods or individuals from one location to another, including fuel, labor, and maintenance costs.

Multiple-Zone Pricing

A pricing strategy where a business sets different prices for its products or services in different geographic areas based on varying factors like demand, competition, and costs.