A(n _____ Clause States That Full Payment of Damages to Buildings

question 2

Multiple Choice

a(n. _____ clause states that full payment of damages to buildings under the homeowner's policy will be made only if insurance equal to 80 percent of the replacement cost of the building is carried at the time of the loss.

• A) coinsurance
• B) subrogation
• C) assignment
• D) reinsurance
• E) increased premium

---

Definitions:

Prices Paid

The actual amounts of money exchanged for goods or services in transactions between buyers and sellers.

Prices Received

The amount of money that producers receive for their goods or services at the point of sale.

Productivity

An indicator of how effectively a person, machine, factory, system, etc., transforms inputs into valuable outputs.

Price Support Program

Government initiatives designed to maintain the market price of a commodity or product at a certain level by purchasing surplus, offering subsidies, or other means to protect producers' income.