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      Question

      Which type of insurance policy includes that the insurer

      agrees to pay a fixed sum of money irrespective of the amount of loss to the insured?
      A Comprehensive Policy Correct Answer Incorrect Answer
      B Average Policy Correct Answer Incorrect Answer
      C Consequential Loss Policy Correct Answer Incorrect Answer
      D Valued Policy Correct Answer Incorrect Answer
      E Floating Fire Policy Correct Answer Incorrect Answer

      Solution

      This type of feature will benefit the insured because he /she can claim the good amount as compared to the loss occurred.

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