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Pete wants to have separate insurance coverage for separate acreages. What kind of insurance should Pete get?

A. Blanket Insurance
B. Scheduled Insurance
C. Specific Insurance
D. Comprehensive Insurance

Answer :

Final answer:

Pete should get Scheduled Insurance to have separate insurance coverage for separate acreages.

Explanation:

If Pete wants to have separate insurance coverage for separate acreages, he should consider getting Scheduled Insurance. Scheduled Insurance allows individuals to insure specific items or properties separately. It is commonly used for valuable or high-risk assets such as jewelry, artwork, or multiple properties.

With Scheduled Insurance, Pete can choose different coverage amounts and deductibles for each acreage, ensuring that he has tailored protection for each property. This would be beneficial if he wants to address the specific risks associated with each location.

For example, if Pete owns one acreage that is prone to flooding and another that is located in an area prone to wildfires, he may want to have different coverage amounts and terms for each property to account for their distinct risks.

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