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Question
_____ is useful for insuring precious items, artwork, and antiques, the assets value is agreed between the insurer and insured at the time of insurance.
_____ is useful for insuring precious items, artwork, and antiques, the assets value is agreed between the insurer and insured at the time of insurance.
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Solution
The correct option is B Valued Policy
Valued policy is
useful for insuring precious items, artwork, and antiques, the assets
value is agreed between the insurer and insured at the time of insurance. With a valued policy, the insurer pays a specified amount to or on behalf of the insured upon the occurrence of defined loss.
Valued policy is useful for insuring precious items, artwork, and antiques, the assets value is agreed between the insurer and insured at the time of insurance. With a valued policy, the insurer pays a specified amount to or on behalf of the insured upon the occurrence of defined loss.
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