27. The standard deductible for property losses on a BOP is A. $250 B. $500 C. $1,000 D. $1,500 28. Which of the following is NOT an element of an insurable risk? A. The loss must be definite and measurable. B. The loss must be due to chance. C. The risk must be predictable. D. The loss must be catastrophic. 29. Changes in a law which broaden coverage to the benefit of the policyholder, even if the change is in the middle of the policy period are known as A. functional replacement B. liberalization C. contribution by equal shares D. concurrency of contract 30. The insureds home is covered by a HO-3. What is the minimum amount of Coverage A that the insured must purchase to qualify for replacement cost coverage? A. 80% of the homes replacement value B. 100% of the homes replacement value C. 100% of the homes purchase price D. 80% of the homes purchase price what are the answers for these insurance questions?