Webce4 Study guides, Class notes & Summaries
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WebCe4, Property & Casualty, Terminology Questions and Correct Solutions 2024
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WebCe4, Property & Casualty, Terminology 
Questions and Correct Solutions 2024 
What is difference between a Stated Amount and an Agreed Value? 
Methods lies in the benefit amount that is actually paid out if the insured object is destroyed or stolen. 
Stated - pays the lesser of the listed dollar amount or the objects cash or replacement value. Agreed - 
Pays the dollar amount listed in the policy without regard for the objects depreciated or replacement 
value. 
Perils Include: 
Fire, Explosio...
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WebCe4 Questions with complete solution 2023
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WebCe4 Questions with complete solution 2023
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WebCe4 Questions and Answers Graded A+
- Exam (elaborations) • 8 pages • 2023
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WebCe4
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WebCe4 Questions and Answers
- Exam (elaborations) • 8 pages • 2023
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WebCe4
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