The intent of insurance is to indemnify an insured.Payment on a(n) _____ value basis is most consistent with the indemnity principle.
Correct Answer:
Verified
Q60: Why is this distinction between real and
Q61: Physical property that is mobile or not
Q62: Frequent losses associated with property exposures are
Q63: The Insurance Services Office (ISO) has an
Q64: Property insurers often offer coverage on a(n)
Q66: A house is _ property, while a
Q67: The first _ policy came into effect
Q68: The U.S.government established an insurance program administered
Q69: _ coverage involves contracts issued by a
Q70: Almost every home, family, and business has
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents