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PSI PROPERTY AND CASUALTY EXAM 2025-2026. QUESTIONS WITH CORRECT ANSWES. A+ GRADED. Property Insurance Basics All of the following may be listed as an insured on a property policy, except: A. Mortgagee listed as an additional insured B. The policy owner C. A business with temporary custody of the insured property D. A named insured's legal representative C Under no benefit to bailee remember 3 C's, care, custody, control of an insured's property does NOT benefit from claim, payment and cannot be named on policy Property Insurance Basics- Listed on a property policy -mortgagees -loss payees -legal insured Property Insurance Basics- When property is valued on a replacement cost basis losses are paid: A At the cost to replace with functionally equivalent property B At today's costs, without any deduction for depreciation C
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