I am stuck on a question because the course does not know the correct answe. It is the question regarding Valued Policy Law. I literally cannot fit the correct answer in the answer box. Does anyone know how to fix this issue?
Hello Douglas,
Here is the question straight off the page...
The following question is a review of the content on a previous page. Answer it and then click below to check your response.
What is a valued policy and why is it a part of Florida Statute.Florida has a "Valued Policy Law" which states if there is a total loss to a building, structure, mobile home or manufactured housing unit, the insurer must pay the amount s_______ in the policy without regard to ACV or replacement cost valuation. The statute was written to p______ i______ against the over sale of overvaluing of property by the insurer or their agent.
You should not be trying to put the whole text of the answer into the page, but instead enter only the missing words where there are blanks. The letters at the beginning of the blanks are clues to help you answer correctly.
For this particular question the answer should look like this:
stated protect insureds
When you get to the response page, you should verify that your answer matches the underlined words in the correct answer.
Hope this helps...
Sandra King.