A Unique, Attractive Feature of a Commercial Insurance Policy Is

question 77

Multiple Choice

A unique, attractive feature of a commercial insurance policy is that both real and personal property are valued on:

• A)an appraised cash value basis.
• B)a market-adjusted depreciated value basis.
• C)a replacement-cost basis.
• D)a proximal-to-value basis.

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Definitions:

Cohabiting Couple

A couple who live together and share a domestic life without being legally married.

Mother

A female parent or guardian who has raised a child through birth or adoption, providing care, love, and guidance.

Widows

Women whose spouses have died and who have not remarried.

Remarriage

The act of marrying again after being divorced or widowed, entering into a subsequent marriage following the end of a previous one.