Jennifer and Chad Have a Homeowner's Policy with Contents Replacement-Cost

question 122

Multiple Choice

Jennifer and Chad have a homeowner's policy with contents replacement-cost coverage for personal property up to 50 percent of the insurance on their home.What will the insurance company pay for their stolen property under the following situation?
Insured value of house
$90,000
Deductible
$500
Actual cash value of stolen property
$20,000
Replacement value of stolen property
$35,000
​

• A) ​$19,500
• B) ​$34,500
• C) ​$35,000
• D) ​$44,500

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Definitions:

Reinforced

Strengthened or encouraged to persist, often through rewards or consequences in the context of behavior conditioning.

Fundamental Attribution Error

The tendency to underestimate situational influences and overestimate personal character traits when evaluating the behaviors of others.

Social Roles

Expected behaviors and norms associated with specific positions within a group or society.

Consummate Love

The ideal form of love within Sternberg’s model, which combines passion, intimacy, and commitment.