Under the ____________ method for settling claims you receive the full cost of repairing or replacing a damaged or lost item and depreciation is not considered.

Question

Quizplus · Accepted Answer

The replacement value method provides the full cost of repairing or replacing the damaged or lost item without taking depreciation into consideration. This method ensures that the insured can fully replace the item with a new one of the same kind and quality.

Under the ____________ Method for Settling Claims You Receive the Full