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Master Exam #3
Question 145 of 150
Question: If the owner of real property carries proper fire insurance coverage, that insurance policy will protect the owner in the event of loss. In such a case, the insured:
A: Might gain, but definitely will not lose money;
B: Should neither gain nor lose;
C: Might lose, but certainly will not gain;
D: None of the above.
Correct Answer is : B
Proper coverage is that which allows the property owner to be reimbursed for his losses.