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Question
The value of insured property is called ______.
Solution
The value of insured property is called Property value.
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An installment of money paid for insurance is called __________.
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The proportion of property value to insured value is called __________.
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Premium is the amount paid to the insurance company every month.
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Premium is the amount paid to the insurance company every month
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An installment of money paid for insurance is called Premium
