If You Have Two Insurance Policies on the Same Property,the

question 84

Multiple Choice

If you have two insurance policies on the same property,the ____ clause explains how the two insurance companies will share the loss.

• A)principle of indemnity.
• B)co-insurance clause.
• C)other-insurance clause.
• D)companies' insurable interest.
• E)principle of subrogation.

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Definitions:

Money Supply

The broad total of financial assets available in an economy at a specified moment.

Gold

A precious metal used as an investment, a currency hedge, and in various industrial applications, valued for its rarity and physical properties.

Silver

A precious metal used for investment, industrial applications, and jewelry, valued both for its monetary and physical properties.

Interest Rate Changes

Variations in the cost of borrowing money, often influenced by central bank policies.