Some states have a law that requires payment of the face amount of insurance to the insured if a total loss to real property occurs from a peril specified in the law. These laws are called

Some states have a law that requires payment of the face amount of insurance to the insured if a total loss to real property occurs from a peril specified in the law. These laws are called



A) agreed amount laws.
B) replacement cost laws.
C) homestead laws.
D) valued policy laws.


Answer: D) valued policy laws.

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