A fine arts floater will pay the full policy limit in the event of a total loss regardless of the actual cash value of the property. this type of policy is known as a

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A fine arts floater will pay the full policy limit in the event of a total loss regardless of the actual cash value of the property. this type of policy is known as a

a. market value contract

b. valued policy

c. ACV policy

d. contract of indemnity

Answer: b

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