Which of the Following Does Not Represent a Usual Way

question 22

Multiple Choice

Which of the following does not represent a usual way to measure the amount recoverable when there has been a successful claim on an insurance policy?

• A)The market value of the subject matter of the insurance at the time of the loss or destruction.
• B)The amount required to replace the subject matter of the insurance.
• C)The amount required to repair the subject matter of the insurance.
• D)The amount it would cost to buy the subject matter of the insurance at the time the claim is resolved.

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Definitions:

Visuals

Graphical elements such as charts, graphs, images, and videos, used to represent information or concepts in a way that is easy to understand.

Routine Information-Request

A standard inquiry made to obtain regular or expected information without necessitating special handling.

Bulleted

Pertaining to lists organized by bullets, used for clarity and to highlight points or steps in both written and visual materials.

Numbered List

A list organized with items denoted by numbers, typically used for step-by-step guidance, ranking, or to show sequence.