Under a dwelling policy, which of the following is NOT a factor in determining a loss?

Insurance

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Under a dwelling policy, which of the following is NOT a factor in determining a loss?

1. The amount negotiated by the insured

2. The policy limit

3. The amount reflecting the insured’s interest in the property at the time of loss

4. The amount necessary to repair or replace the property

Answer: 1. The amount negotiated by the insured

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