Which one (1) of the following kinds of loss or damage is covered under the Condominium Unit Owners Comprehensive Policy? OA) Vandalism or malicious acts or glass breakage occurring while the unit is vacant. OB) Migratory birds flying into and breaking picture windows in a unit. OC) Smoke from agricultural smudging or industrial operations. OD) Repeated seepage from an air conditioning system.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Which one (1) of the following kinds of loss or damage is covered under the Condominium Unit Owners Comprehensive
Policy?
OA) Vandalism or malicious acts or glass breakage occurring while the unit is vacant.
OB) Migratory birds flying into and breaking picture windows in a unit.
OC) Smoke from agricultural smudging or industrial operations.
OD) Repeated seepage from an air conditioning system.
Transcribed Image Text:Which one (1) of the following kinds of loss or damage is covered under the Condominium Unit Owners Comprehensive Policy? OA) Vandalism or malicious acts or glass breakage occurring while the unit is vacant. OB) Migratory birds flying into and breaking picture windows in a unit. OC) Smoke from agricultural smudging or industrial operations. OD) Repeated seepage from an air conditioning system.
What is the Actual Cash Value of an item?
OA) It is the cost to replace it with similar, new item.
OB) It is the amount it would sell for on the date of loss.
OC) It is the cost to replace it with a similar item in similar condition.
OD) It is the cost when first bought by the insured.
Transcribed Image Text:What is the Actual Cash Value of an item? OA) It is the cost to replace it with similar, new item. OB) It is the amount it would sell for on the date of loss. OC) It is the cost to replace it with a similar item in similar condition. OD) It is the cost when first bought by the insured.
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