This insurance policy provides businesses coverage on a blanket, replacement-cost basis without a coinsurance provision to sufficiently large accounts.The program also provides options to value property at actual cash value, agreed value, or (for buildings) functional replacement cost.Under the program, "Business income and extra expense coverages are written into the form and can be activated by entries on the policy declaration page." Identify this insurance policy.
A)Inland marine insurance
B)Business owners program
C)Oceans marine insurance
D)Capital asset program
E)Commercial aviation program

Question

Quizplus · Accepted Answer

The Capital Asset Program provides coverage on a blanket, replacement-cost basis without a coinsurance provision, and includes options for valuing property, as well as business income and extra expense coverages.

This Insurance Policy Provides Businesses Coverage on a Blanket, Replacement-Cost