Quentin is getting quotes for insurance on his building.His agent recommends he purchase enough to cover the ___________________ even though this amount is more than Quentin paid for it.

Question

Quizplus · Accepted Answer

The replacement value is the amount it would cost to replace the building with a new one, which can often be more than what was paid for it due to inflation and other factors. It's important to have enough insurance to cover this amount in case the building is destroyed or damaged beyond repair.

Quentin Is Getting Quotes for Insurance on His Building