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Who selects the method by which an indemnity settlement will be made?

Open-access content Tuesday 8th November 2016

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A: The insured

B: The insurer

C: The broker (acting on behalf of their client)

D: The loss adjuster

Answer:

B. The policy usually provides for the method of indemnity settlement by cash, repair, replacement or reinstatement at the insurer's option.

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