Carolyn has just purchased a homeowners insurance policy that will pay for damages to her house that

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Carolyn has just purchased a homeowners’ insurance policy that will pay for damages to her house that occur only if flooding in her area takes place. What type of insurance did Carolyn purchase?

a. Closed-end insurance

b. Named-peril insurance

c. Open-peril insurance

d. Specific claim insurance

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Money, Banking, Financial Markets and Institutions

ISBN: 978-0538748575

1st edition

Authors: Michael Brandl

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Question Posted: Jun 21, 2019 07:48 AM

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Carolyn has just purchased a homeowners insurance policy that will pay for damages to her house that

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Money, Banking, Financial Markets and Institutions

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