The principle of average applies when the value is _____________ in the proposal.

The principle of average applies when the value is _____________ in the proposal.

a. Understated
b. Overstated
c. Not ascertainable
d. Negligible
e. Only sentimental

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The Correct Answer for the Given Question is Option a. Understated

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The principle of _____________ ensures that an insured does not profit by insuring with multiple insurers.

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