Business Studies

_____ is useful for insuring precious items, artwork, and antiques, the assets value is agreed between the insurer and insured at the time of insurance.


ANSWER

Valued Policy


SOLUTION
Valued policy is useful for insuring precious items, artwork, and antiques, the assets value is agreed between the insurer and insured at the time of insurance. With a valued policy, the insurer pays a specified amount to or on behalf of the insured upon the occurrence of defined loss.
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Single Correct Medium Published on 18th 08, 2020
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