Glenda insured her home for its full replacement cost under an unendorsed Homeowners 3 policy. Which of the following statements is true?
A) The dwelling and other structures are covered on a named-perils basis.
B) Losses to personal property are settled on a replacement cost basis.
C) The personal property is covered on an open-perils basis.
D) Losses to the dwelling and other structures are settled on a replacement cost basis.
Answer: D
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Assuming a 360-day year, the interest charged by the bank, at the rate of 6%, on a 90day, discounted note payable of $100,000 is
a. $6,000 b. $1,500 c. $500 d. $3,000
In ________ pricing, the price is set on the basis of the value that customers realize when they compare the price and benefits of the company's product with those of a key competitor's product
A) life-cycle value B) customerization C) perceived-value D) value-in-use E) cost-based
Beyond the optimal order quantity, total cost per unit increases because ________
A) inventory-carrying cost per unit increases B) inventory-carrying cost per unit decreases C) order-processing cost per unit increases D) order-processing cost per unit increases though inventory cost decreases E) inventory-processing cost per unit falls slowly
Saturn car company started a trend with its value pricing strategy of giving customers one price and one price only. The Saturn Web site gave detailed price information without the need for or involvement of a salesperson
What pricing objective did Saturn use?