Florida General Lines 2-20 Terms with Complete Solutions

Florida General Lines 2-20 Terms with Complete SolutionsFlorida General Lines 2-20 Terms with Complete SolutionsFlorida General Lines 2-20 Terms with Complete SolutionsFlorida General Lines 2-20 Terms with Complete SolutionsFlorida General Lines 2-20 Terms with Complete Solutions Accident - ANSWER-A sudden fortuitous event abandonment clause - ANSWER-A clause often contained in property insurance policies stating that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value Accounts receivable coverage forms - ANSWER-An inland marine coverage form which insures against loss the insured suffers because of an inability to collect from customers when account receivable records are damaged Actual cash value (acv) - ANSWER-The cost to replace an item of property at the time of loss plus an allowance for depreciation. Often to determine amount of reimbursement for lost ( replacement cost - depreciation)