Rmin 4000 test 3 brown - Study guides, Class notes & Summaries

RMIN 4000 Test 3 Brown Questions and Answers 2024.

RMIN 4000 Test 3 Brown| Questions and Answers 100% Accurate! Principal of Indemnity - ANSWER-insurer pays no more than actual amount of the loss; insurer should not profit from the loss Replacement cost - ANSWER-the cost to replace an inventory item in its identical form (similar workmanship and quality) Actual Cash Value - ANSWER-replacement cost - depreciation in property ins, usually based on the actual cash value of the property at the time of loss Market Value - ANSWER-the pr...

Principal of Indemnity - correct answer insurer pays no more than actual amount of the loss; insurer should not profit from the loss Replacement cost - correct answer the cost to replace an inventory item in its identical form (similar workmanship and quality) Actual Cash Value - correct answer replacement cost - depreciation in property ins, usually based on the actual cash value of the property at the time of loss Market Value - correct answer the price at which property would sell...

RMIN 4000 Test 3 Brown Updated 2024 Solution Guide Graded A Principal of Indemnity insurer pays no more than actual amount of the loss; insurer should not profit from the loss Replacement cost the cost to replace an inventory item in its identical form (similar workmanship and quality) Actual Cash Value replacement cost - depreciation in property ins, usually based on the actual cash value of the property at the time of loss Market Value the price at which property would sell Val...

RMIN 4000 Test 3 Brown Questions & Answers

RMIN 4000 Test 3 Brown Updated 2024 Solution Guide Graded A

Principal of Indemnity - Answer insurer pays no more than actual amount of the loss; insurer should not profit from the loss Replacement cost - Answer the cost to replace an inventory item in its identical form (similar workmanship and quality) Actual Cash Value - Answer replacement cost - depreciation in property ins, usually based on the actual cash value of the property at the time of loss Market Value - Answer the price at which property would sell Valued Policy - Answ...

Principal of Indemnity - ANSWER-insurer pays no more than actual amount of the loss; insurer should not profit from the loss Replacement cost - ANSWER-the cost to replace an inventory item in its identical form (similar workmanship and quality) Actual Cash Value - ANSWER-replacement cost - depreciation in property ins, usually based on the actual cash value of the property at the time of loss Market Value - ANSWER-the price at which property would sell Valued Policy - ANSWER-a pol...

RMIN 4000 Test 3 Brown Questions and Answers 2024.

RMIN 4000 Test 3 Brown Questions and Answers 2024.