Eric and Lisa Lambert Are Purchasing a Home for the First

question 61

Multiple Choice

Eric and Lisa Lambert are purchasing a home for the first time.Their insurance company wants them to insure at least ________ of the home's full replacement cost.

• A)70%
• B)75%
• C)80%
• D)85%
• E)90%

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Definitions:

Canada

A North American country consisting of ten provinces and three territories, known for its vast landscapes, multicultural heritage, and bilingual status (English and French).

Shrink Wrap

Packaging made of a plastic film that is wrapped around items and then shrunk by heat to form a tight seal.

Electronic Purchase

The process of buying goods or services over the internet through various digital platforms.

Acceptance

An agreement to the terms of an offer, thereby creating a binding contract.