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:

Entity Theorist

An individual who believes that personal attributes, like intelligence or ability, are fixed and cannot be changed through effort.

Intelligence

The capacity for learning, understanding, and applying knowledge, including the ability to reason, plan, solve problems, think abstractly, and learn quickly.

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The act of selecting an option from a set of alternatives.

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