Open Policies Allow the Insured to Recover The

question 20

Multiple Choice

Open policies allow the insured to recover the:

• A) fair market value of the property at the time it was destroyed, up to the limits stated in the policy.
• B) difference between the limits stated in the policy and the fair market value of the property.
• C) face amount of the policy regardless of the fair market value of the property.
• D) fair market value of the property at the time it was purchased.

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Definitions:

Brain Swelling

An increase in brain volume due to an accumulation of fluid in the tissues, which can lead to increased intracranial pressure and damage.

Traumatic Brain Injury

Traumatic brain injury is a form of brain damage caused by external mechanical forces, leading to temporary or permanent impairments in cognitive, physical, and emotional functions.

Blood Supply

The provision and circulation of blood to tissues and organs throughout the body, essential for delivering nutrients and oxygen and for removing waste products.

Closed-head Injuries

Brain injuries that occur without penetration of the skull, often resulting from blows to the head or violent shaking.