Which of the Following Statements About the Provisions of the Building

question 12

Multiple Choice

Which of the following statements about the provisions of the building and personal property coverage form is (are) true?
I.A separate deductible must be satisfied for each building damaged in the same occurrence.
II.Under the replacement cost option,there is no deduction for depreciation.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

---

Definitions:

Numbered Features

This term does not correspond to a specific scientific concept and thus is considered not a valid key term.

Coral Reefs

Underwater ecosystems characterized by reef-building corals, which are colonies of tiny living animals found in marine waters that contain few nutrients.

Promote Growth

Activities or substances that encourage or stimulate development or enlargement.

Continental Slope

The continental slope is the steep incline between the outer edge of the continental shelf and the deep ocean floor.