American_Bankers_Association
CTFA · Question #382
Many types of properties are covered by homeowner's policies. These policies also define the types of losses they cover and the persons and the locations covered. There are three types of property…
The correct answer is D. Replacement cost. See the full explanation below for the reasoning.
Estate Planning
Question
Many types of properties are covered by homeowner's policies. These policies also define the types of losses they cover and the persons and the locations covered. There are three types of property- related losses when misfortune occurs. Which one of the following is Not out of those losses?
Options
- ADirect loss of property
- BIndirect loss occurring due to damaged property
- CAdditional expenses occurring due to direct and indirect losses
- DReplacement cost
How the community answered
(62 responses)- A5% (3)
- B2% (1)
- C10% (6)
- D84% (52)
Topics
#property loss types#direct loss#indirect loss#homeowner's coverage
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