The Extent of a Person's Insurable Interest in Property Is

question 50

Multiple Choice

The extent of a person's insurable interest in property is limited:

• A)to the value of that interest.
• B)to the market value of the property.
• C)to the maximum value of the property.
• D)the reasonable value of the property.

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Definitions:

Prosocial Value

Refers to values or behaviors intended to help or benefit others, such as empathy, kindness, and cooperation.

Intentionally

Doing something with a specific purpose or intent in mind.

Early Childhood

A developmental period in human growth from birth to around eight years old, characterized by rapid physical and cognitive development.

Restitution

The act of returning something that was lost or stolen to its owner or compensating for injury or loss.