Under the Homeowners 3 policy,all of the following are options of the insurer for settling claims EXCEPT
A)paying the claim in cash.
B)replacing the property.
C)repairing the property.
D)paying the claim with insurance company stock.

Question

Quizplus · Accepted Answer

Paying the claim with insurance company stock is not an option for settling claims under the Homeowners 3 policy. The other options listed (paying in cash, replacing the property, and repairing the property) are all valid options for the insurer to use when settling a claim under this policy.

Under the Homeowners 3 Policy,all of the Following Are Options