With respect to property insurance,which of the following represents the options that a business owner must decide upon?

Question

Quizplus · Accepted Answer

A business owner must decide whether they want coverage for replacement value (the cost to replace the property with new property) or actual cash value (the cost to replace the property minus depreciation).

Option B may also be applicable, but it involves choosing the types of perils (such as fire, theft, or natural disasters) that the insurance policy will cover.

Option C and D are not necessarily decisions that a business owner must make when selecting property insurance coverage.

With Respect to Property Insurance,which of the Following Represents the Options