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C 82 - Study 4: The Homeowners Policy Flashcards | StudBud
C 82 - Study 4: The Homeowners Policy
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Which of the following statements correctly describes fine arts floaters?
A
They can be used to cover jewellery valued over $5,000
B
Coverage is on a specified-perils basis and a deductible applies
C
They can be used to cover musical instruments that are over 25 years old
D
Coverage is on an all-risks basis and no deductible applies
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