Insurance Policy Termination

The actual cash value is the ______ cost of property, minus the diminished value from its age, use or wear.

The ______ value is the actual cash value of property, minus the diminished value from its age, use or wear.

______ is a security, or protection against a loss or other financial burden.

The actual cash value is the ______ cost of property.

The ______ cost of property is the actual cash value, minus the diminished value from its age, use or wear.

The actual cash value is the ______ value of property, minus the diminished value from its age, use or wear.

______ is a security, or protection against a financial burden.

The actual cash value is the ______ of property, minus the diminished value from its age, use or wear.

______ is a protection against a loss or other financial burden.

The ______ value is the actual cash value of property, minus the diminished value from its age, use or wear.

Misrepresentation is grounds for voiding a policy.
Lapse of an insurance policy occurs due to non-payment of premiums.
An impaired risk refers to an applicant with pre-existing poor health or engaging in dangerous activities, leading to higher premiums or denied coverage.

A directive is a legal device used by the European Union to establish policies at the European level, which must be incorporated into Member States' laws.
A harmonising directive is an instrument issued by the European Union to standardize laws or regulations across Member States, ensuring consistency and compatibility.

Land includes not only the surface of the earth but also everything of a permanent nature over or under it, including minerals, oil, and gases.
Premises refer to a house or building, together with its land and outbuildings, occupied by a business or considered in an official context.