Ray has an HO-5 all-risk policy. He came home one day to find his house burglarized with $800 stolen. If Ray had a $500 deductible, how much would the insurer pay to indemnify him?

a. $550

b. $0

c. $800

d. $300

Answer: B

Homeowners Policy

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The voluntary relinquishment of a legal right is called
What documentation grants express authority to an agent?
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