Smith Owned a Concrete Block Building Valued at $200,000

question 19

True/False

Smith owned a concrete block building valued at $200,000.Because it was virtually fireproof,he insured it for only $100,000 under a policy of insurance,which contained an 80 percent co-insurance clause.Some time later,the building was damaged by fire.
-If the fire damage was $80,000,the insurer would be obliged to pay only one-half of the loss,because Smith had insured the building for half of its value.

---

Definitions:

Brand Clusters

Groupings of related brands that cater to similar markets or customer segments, allowing for targeted marketing strategies.

Pew Research Center

An American think tank based in Washington, D.C., that provides information on social issues, public opinion, and demographic trends shaping the United States and the world.

Forrester's Social Technographics Model

A framework developed by Forrester Research that classifies consumers based on how they use social technologies.