When the amount of insurance written in a property...

State Farm Property Exam Questions And Answers

Question Number 9

When the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in the event of a covered loss, the coverage is said to be written as

stated amount

✔ Correct Answer:

stated amount

Related questions :

In property insurance actual cash value is defined as which of the following
Peril is most easily defined as
What is a leading factor in the determination of actual cash value
Replacement cost is defined as
Property insurance that provides 100k coverage for a building and 50k coverage f...
Which of the following is used in the formula for calculating the actual cash va...
What is the purpose of the coinsurance clause found in property insurance polici...

Prepare for nursing and certification exams with Naclex . Get access to real exam questions and answers, comprehensive study guides, and expert tips to excel in your exams. Start your journey to success today

Terms and Conditions

State Farm Property Exam Questions And Answers

Question Number 9

Count Down:

Related questions :