In the Optional Replacement Cost Coverage Provision Is Not Selected,how

question 12

Multiple Choice

In the optional replacement cost coverage provision is not selected,how are losses settled under the building and personal property (BPP) coverage form?

• A)market value
• B)original purchase price
• C)actual cash value
• D)book value

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Definitions:

Denial

A psychological defense mechanism where an individual refuses to accept reality or facts, often as a way to protect themselves from uncomfortable feelings.

Survivor

A person who has lived through a challenging or life-threatening event.

Rape

A criminal act involving sexual intercourse or any form of sexual penetration carried out against a person without their consent.

Therapeutic Intervention

Actions or treatments undertaken to improve a patient's health or to treat a disorder, ranging from medications to counseling.