An insurance policy will pay the actual loss suffered not to exceed the policy limits.
Correct Answer:
Verified
Q35: Insurance is designed to help people be
Q36: The law of large numbers increases risk
Q37: Driving under the influence of alcohol is
Q38: Policy limits are the maximum dollar amounts
Q39: All insurance is sold and serviced through
Q41: Homeowner's insurance will pay for bodily injuries
Q42: Actual cash value of an asset represents
Q43: Historically,homeowner's insurance paid only the actual cash
Q44: Both property and liability insurance protect you
Q45: Homeowner's insurance can pay for additional expenses
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