Which of the Following Is Not Covered in a Standard

question 82

Multiple Choice

Which of the following is not covered in a standard homeowner's policy?

• A)Lightening hits your house and it burns to the ground
• B)Your house is broken into and all the furniture is stolen
• C)The river you live near overflows its bank and washes your house away
• D)Hailstorm damages the roof of your house

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Definitions:

Consequential Damages

In a contract, foreseeable damages that result from special facts and circumstances arising outside the contract itself. The damages must be within the contemplation of the parties at the time the breach occurs. Also called special damages.

Remedial Damages

Compensation aimed at remedying or compensating for a harm or injury suffered by the plaintiff, often used interchangeably with compensatory damages in a different context.

Substitute Goods

Products or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.

Identical Goods

Products that are exactly the same in every aspect, including quality, appearance, and functionality.