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D. only cause.
24. Assuming that the sum insured is adequate, what is the measure of indemnity used in the case of the
total loss of a building?
A. The cost of reconstruction at the time of the loss.
B. The cost of reconstruction at the time of policy inception.
C. The original purchase price.
D. The original purchase price less an allowance for wear and tear.
25. When a claim is made under a standard fire insurance policy, at what stage can an insurer begin to
exercise subrogation rights?
A. As soon as a valid claim is notified.
B. As soon as any third party admits liability.
C. As soon as settlement has been agreed.
D. As soon as the insured has been paid.
