9. What is value of your property, based on the current cost to replace it, minus
depreciation?
Answer Actual Cash Value
10. Expenses that have already sustained and that have not yet been paid are known as .
Answer Incurred Expenses
11. is the part of the written insurance policy
that states all the policy's specific's, including the name of the policy- holder, the type of
property insured, the premiums, and the term limits for the coverage.
Answer Declarations Page
12. What is the failure to use that degree of care which an ordinary person of reasonable
prudence would use under similar circumstances?
Answer Negligence
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