To Effectively Collect on a Loss When Filing a Homeowner's

question 109

Multiple Choice

To effectively collect on a loss when filing a homeowner's claim,the first step should be

• A)to make temporary repairs to protect your property.
• B)confirm the adjuster's estimate.
• C)make a detailed list of everything lost or damaged.
• D)maintain records of the insurance settlement process,especially expenses.
• E)report your loss to your insurance agent,and the police if applicable.

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Definitions:

Expectancy Theory

A theory that explains the behavioral process of why people choose one behavioral option over others, suggesting that individuals are motivated by an expected outcome.

Cognitive Dissonance

The psychological discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Sales Revenue

Sales revenue is the total amount of money earned from selling goods or services before any costs or expenses are deducted.

Motivational Conflict

A situation where an individual faces competing desires or goals, leading to emotional or psychological tension.