Which of the following types of insurances provides replacement cost insurance?

Question

Quizplus · Accepted Answer

Standard fire insurance typically provides replacement cost coverage for the insured property. This means that in the event of a loss, the insurance company will pay the cost to replace or repair the damaged property to its original condition, without regard to depreciation. Health insurance, disability insurance, and life insurance do not typically provide replacement cost coverage.

Which of the Following Types of Insurances Provides Replacement Cost