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Discussion :: Insurance Awareness

  1. _____________ is the maximum amount an insurance company will pay if an insured asset is deemed a total loss.
    2. A.
    Insurance value
    B.
    Actual value
    C.
    Replacement value
    D.
    Guaranteed Replacement Cost

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    Answer : Option A

    Explanation :

    Define insurance value is the maximum amount an insurance company will pay if an insured asset is deemed a total loss.

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