Most Property Insurance Policies Are Open Policies That Allow the Insured

question 66

True/False

Most property insurance policies are open policies that allow the insured to recover the fair market value of the property,subject to the limits in the policy.

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Definitions:

Genetically Modified

Organisms that have had their DNA altered or modified in some way through genetic engineering.

Crop Plants

Plants grown in significant quantities to be harvested as food, feed, fiber, fuel, or other uses, including vegetables, grains, and fruits.

Gene

A unit of heredity found in living organisms that encodes the instructions for synthesizing proteins, influencing traits and functions.

Biological Molecules

Organic compounds essential to life, including carbohydrates, lipids, proteins, and nucleic acids, forming the structure and performing the functions of living organisms.