Exam (elaborations)
WebCe, Property & Casualty, Terminology-Fill in the Blank- 80 questions with complete solutions
- Course
- WebCe
- Institution
- Liberty University
What is difference between a Stated Amount and an Agreed Value? CORRECT ANSWERS: Methods lies in the benefit amount that is actually paid out if the insured object is destroyed or stolen. Stated - pays the lesser of the listed dollar amount or the objects cash or replacement value. Agreed - Pays t...
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