A ________ Is the Amount of Loss or Damage That

question 10

Multiple Choice

A ________ is the amount of loss or damage that you agree to cover before any insurance coverage takes over.

• A) Deductible
• B) Carrying cost
• C) Premium
• D) Policy
• E) Liability

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Definitions:

Revocation

The act of officially canceling or withdrawing a decision, offer, or legal right, often used in contexts such as contracts, wills, and powers of attorney.

Divorce

The formal termination of a marital union by a recognized authority, usually a court or a legal institution.

Charitable Trust

A legal arrangement in which assets are held and managed by one party for charitable purposes, providing benefit to the public or a segment of the public.

Museum

An institution dedicated to collecting, preserving, exhibiting, and interpreting artifacts and works of significant historical, cultural, or artistic value.