Exam (elaborations)
CAIB 2 Full Study Guide|371 Questions with 100% Correct Answers | Verified | Updated 2024
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The three amounts to be considered when calculating the amount of payment as outlined in the Indemnity Agreement are: - ️️1) the value of the lost or damaged property (ACV) 2) the interest of the insured in the property (ex. financial interest, home, mortgage) 3) the amount of insurance s...
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