in Finance by (62.1k points)

Question: Which of the following is NOT a method for settling a casualty insurance claim?

Options:

  1.  Actual cash value
  2.  Cost to repair
  3.  Cost to replace
  4.  Insurable interest at the time of loss
  5.  Insurable interest at the inception of the insurance policy

Please log in or register to answer this question.

1 Answer

0 votes
by (247k points)
selected by
 
Best answer

5. Insurable interest at the inception of the insurance policy

Insurable interest at the inception of the insurance policy is NOT a method for settling a casualty insurance claim.


More information:

Anything which is subjected to financial loss is protected by investment or coverage known as insurable interest.

Related questions

...