In property insurance, indemnification is based on the actual cash value. Give examples of different methods used

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In property insurance, indemnification is based on the actual cash value. Give examples of different methods used in other types of insurance.

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Principles Of Risk Management And Insurance

ISBN: 0135180864

14th Global Edition

Authors: George E. Rejda, Michael McNamara

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Question Posted: Apr 05, 2023 10:02 AM

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In property insurance, indemnification is based on the actual cash value. Give examples of different methods used

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Life insurance The primary method used in life insurance is the replacement value method which calcu...View the full answer

Principles Of Risk Management And Insurance

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