An Umbrella Policy Is Designed to Cover

question 39

Multiple Choice

An umbrella policy is designed to cover

• A) additional buildings on your property.
• B) property when traveling away from home.
• C) major personal liability suits.
• D) flood damage.

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Definitions:

CCA Rate

The rate of capital cost allowance, which is the amount of depreciation that can be claimed for tax purposes in Canada.

WACC

The method known as Weighted Average Cost of Capital assesses a firm's cost of capital, with a proportional weighting applied to each segment of capital.

Net Investment Cost

The total cost associated with making an investment after subtracting any incentives or credits.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on the income or profits generated.