In the Event of a Claim, an Indemnity Value House

question 29

Multiple Choice

In the event of a claim, an indemnity value house and contents policy will:

• A) provide a payout equal to the market value of the loss incurred at the time of the loss.
• B) include the effects of depreciation in establishing a value for the items subject to the claim.
• C) both a and b .
• D) replace all items at their current replacement value.

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Definitions:

Influential Effect

The impact or power of something to sway or alter the outcome, opinions, or behavior of someone or something else.

CBS/New York Times Poll

An opinion poll or survey jointly conducted by CBS News and The New York Times, aimed at gauging public opinion on various issues.

Two-Step Flow

A communication theory proposing that media effects are indirectly mediated by opinion leaders, who receive media content, interpret it, and pass it on to others.

Opinion Leaders

Individuals who, through their competence, social status, or leadership, influence the opinions, behaviors, and beliefs of a community or social group.