Examlex
How can you project objectivity in a report?
Valued Policy
An insurance policy that pays a predetermined amount to the insured in the event of a total loss, regardless of the value of the lost property.
Fair Market Value
The price that property would sell for on the open market between a willing buyer and a willing seller.
Insure The House
Entering into a policy agreement with an insurance company to provide protection against damages or losses to one's home, typically against risks like fire, theft, or natural disasters.
Insurable Interest
A stake in the preservation of a subject against loss or damage, legally necessary for an individual to purchase insurance on a life or property.
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