An insurance policy which fixes the insurance company's liability to the insured to the actual cash value of the insured property is said to provide
A) "old for new" coverage.
B) "new for old" coverage.
C) "old for old" coverage.
D) "new for new" coverage.
Correct Answer:
Verified
Q3: The New York fire insurance form
A) was
Q4: A property damage or public liability policy
A)
Q5: A homeowner's insurance policy will NOT protect
Q6: Coverage for additional perils can be obtained
Q7: The concept of insurance is to
A) reimburse
Q9: If a property is rented, the landlord
Q10: Coverage under any homeowner policy can be
Q11: Medical payments provided under a homeowner policy
Q12: The New York fire insurance form does
Q13: An insurance endorsement is also known as
A)
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