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Florida Real Estate Exam

Category - Florida

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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:

Might gain, but definitely will not lose money
Should neither gain nor lose
Might lose, but certainly will not gain
None of the above

Explanation

Answer B - Proper coverage is that which allows the property owner to be reimbursed for his losses.

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