Several Different Values Can Be Considered When Determining How Much

question 7

Multiple Choice

Several different values can be considered when determining how much insurance should be carried on a dwelling (the Coverage A limit of the Homeowners 3 policy) .The appropriate value that should be used is:

• A)the home's market value.
• B)the home's actual cash value.
• C)the home's appraised value for property tax purposes.
• D)the home's replacement cost.

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Definitions:

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