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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
The above question Under a dwelling policy, which of the following is NOT a factor in determining a loss?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
