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EXERCISE 19.1 Review exercise

Posted on March 2, 2023 by
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    1. Question

    To review Chapter 18, “Home Ownership and Construction,” match each of the following terms to one of the descriptions below.

    Sort elements
    • Basic form
    • Comprehensive form
    • Flood insurance
    • Replacement cost
    • This type of insurance, also called an HO-1 policy, covers the fewest perils.
      • Also known as an all-risk policy, this type of policy offers the most complete coverage for a homeowner.
        • The federal government passed an act in 1968 to help at-risk homeowners obtain this type of insurance.
          • In most cases, the policy will pay the insured this (the cost of a new structure to take the place of the damaged structure).
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