The building and personal property coverage form provides several optional coverages.Under one optional coverage,no deduction is taken for depreciation when settling a covered loss.This optional coverage is called

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The optional coverage where no deduction is taken for depreciation when settling a covered loss is called replacement cost. This coverage provides for the cost of replacing or repairing damaged property with materials of like kind and quality without a reduction for depreciation.

The Building and Personal Property Coverage Form Provides Several Optional