Question: 3. A total loss under a valued policy is settled on the basis of the; a Fair market value of the loss. b. Actual cash

3. A total loss under a valued policy is settled on

3. A total loss under a valued policy is settled on the basis of the; a Fair market value of the loss. b. Actual cash value at the time of loss. c. Replacement cost less depreciation. d. Amount of insurance stated in the policy

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