A Valuable Policy is just opposite to the ________.

Question

Question: A Valuable Policy is just opposite to the ________.

Options:

1.  Value policy
2.  Valued policy
3.  Both
4.  None

Answer 1

2. Valued policy

A valuable policy is just opposite to the Valued policy.

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Explanation:

A Valued insurance policy is the opposite to Valued policy.

In this type of policy, the value of the asset is available and it is stated in the policy document in advance thus specifying the amount of reimbursement in the event of loss of property and liability.