A unique, attractive feature of a commercial insurance policy is that both real and personal property are valued on:

Question

Quizplus · Accepted Answer

A replacement-cost basis values property at the cost to replace it with similar or identical property without regard to depreciation or market fluctuations. This provides greater protection for the insured, as they can potentially receive a payout to fully replace their property with new items.

A Unique, Attractive Feature of a Commercial Insurance Policy Is