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A Replacement Cost Rider Is Important to Add to Your

Question 110

Multiple Choice

A replacement cost rider is important to add to your homeowner's policy because


A) it replaces property that breaks or otherwise stops working.
B) in the event of a loss, your property is valued at the cost of replacement regardless of age or depreciation.
C) it will pay you depreciated value plus inflation for your property loss.
D) it is not important and is an expensive but low value rider.

Correct Answer:

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