A Building Worth $200,000 Sustains $10,000 in Damage

question 4

True/False

A building worth $200,000 sustains $10,000 in damage. It was covered by a $120,000 policy with an 80% co-insurance clause. The indemnity paid by the insurer will be $7,500.

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Definitions:

Divine Revelation

The way in which God has chosen to reveal Himself and His will to humanity, which in many religions includes revelations through sacred texts, prophets, and various religious experiences.

Enlightenment Thinking

A philosophical movement of the 17th and 18th centuries emphasizing reason, individualism, and skepticism towards traditional doctrines, leading to advances in science, politics, and human rights.

Humane Treatment

The act of showing compassion and consideration, ensuring the welfare of others, especially in the care and treatment of animals and people.

Comanche

A Native American tribe historically known for their horse culture and prowess in the plains area of what is now the United States.