Multiple Choice
The principal of indemnity states that:
A) every claim should indemnify the property owner.
B) an insured person will not be reimbursed more than the economic loss he or she actually sustains.
C) premiums may not exceed 50% of the value of a mortgage.
D) lower insurance deductibles mean lower premiums.
Correct Answer:
Verified
Correct Answer:
Verified
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