Chapter 1, Exploration 5

• Market value - the age and deterioration of the items are reflected in the appraisal.
• Replacement value - with reference to insurance policies, it means stolen or damaged items are replaced with new items.
• Tenant's package policy - insurance policy that protects renturs from loss of contents of their rental unitsor personal belongings.
• Metro - with reference to homeowner's insurance, this means a location within city limits.
• Protected - with reference to homeowner's insurance, this means a location within 300 metres of a fire hydrant.
• Semi-protected - with reference to homeowner's insurance, this means a location within 8 km of a fire hall.
• Unprotected - with reference to homeowner's insurance, this means a location more than 8 km from a firehall.