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Insured's declared value also know as IDV. ID means current market value of the vehicle.

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Q: What is insured declared value?
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Property insurance usually covers all of the property that has a declared value. This includes a home and other structures located on a property that is insured.


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You will want to send this item "insured" in case of loss. Postage rates vary according to the value being declared.


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Pure term life insurance. In this kind of policy, there is no cash value of the policy for the insured. The policy holder gets no tangible or monetary benefits as long as he/she is alive. Only the survivors of the insured can reap the benefits of this kind of policy. So, we can say that this type of policy has no cash value for the insured individual.


What best describes term life insuranceA The insured is covered during his or her entire lifetimeB The insured pays the premium until his or her death?

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Can the actual cash value of an extended term life policy be liquidated by the insured?

no there is no cash value in a term insurance policy