The Amount of a Loss on Insured Personal Use Property

question 10

True/False

The amount of a loss on insured personal use property is reduced by the insurance coverage if no claim is made against the insurer.

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Definitions:

Repulsion

The force that causes one object to push another object away from itself.

Smallest Part

The component or piece within a system or mechanism that is the least in size, volume, or quantity.

Element

(1) One of the basic building blocks of nature. An atom is the smallest part of an element; (2) One part of a group of devices.

Properties

Characteristics or qualities that something possesses, such as physical, chemical, or biological traits.