Open policies allow the insured to recover:
A) the fair market value of the property at the time it was destroyed,up to the limits stated in the policy.
B) the difference between the limits stated in the policy and the fair market value of the property.
C) the fair market value of the property,even if that value exceeds the limits stated in the policy.
D) the fair market value of the property only if the loss is partial.
Correct Answer:
Verified
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