Multiple Choice
The term "salvage" as it relates to insurance means the:
A) cost of cleaning up after a natural disaster
B) remaining insurance premium not needed after a peril destroys one's property
C) amount of the claim the insured is responsible for paying
D) amount received by the insurance company when damaged property is sold
Correct Answer:
Verified
Correct Answer:
Verified
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Q28: Which of the following are not likely
Q29: What is the purpose of the recovered
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Q50: Concealment or fraud before, during, or after
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