Which of the following statements about the provisions of the building and personal property coverage form is (are)true?
I.A separate deductible must be satisfied for each building damaged in the same occurrence.
II.Under the replacement cost option,there is no deduction for depreciation.

Question

Quizplus · Accepted Answer

Statement I is false. A single deductible applies to all buildings damaged in the same occurrence. Statement II is true. Under the replacement cost option, there is no deduction for depreciation.

Which of the Following Statements About the Provisions of the Building