Stated-value Policy

State Farm Property Exam Questions And Answers

Question Number 133

Stated-value Policy

Insurance contract written to insure property or a piece of property for specific amount. Fine arts, collectibles, and other hard-to-value assets may be valued this way.

✔ Correct Answer:

Insurance contract written to insure property or a piece of property for specific amount. Fine arts, collectibles, and other hard-to-value assets may be valued this way.

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State Farm Property Exam Questions And Answers

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