A policy that reimburses you for losses at actual cash value will pay you an amount equal to
A) replacement cost.
B) replacement cost plus depreciation.
C) replacement cost minus depreciation.
D) depreciation.
Correct Answer:
Verified
Q31: The typical homeowners' policy provides protection against
A)property
Q32: "All risks" homeowners' insurance insures you against
A)the
Q33: John Biner's roof was totally ruined by
Q34: A new roof costs $10,000.Assume that the
Q35: The coinsurance provision in the homeowners' policy
Q37: Joan insures her house (with a market
Q38: Which of the following is an example
Q39: The main purpose of the coinsurance clause
Q40: Which of the following terms indicates homeowners'
Q41: Which of the following is a correct
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