The ________ Method to Settle Claims Is Based on the Current

question 61

Multiple Choice

The ________ method to settle claims is based on the current replacement cost of a damaged or lost item less depreciation.

• A)replacement value
• B)actual cash value
• C)umbrella
• D)endorsement
• E)personal property floater

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Definitions:

Personality Model

A theoretical framework designed to describe, explain, and predict an individual's character traits and behavioral patterns.

Basic Tendencies

Fundamental underlying personality traits that are inherent, stable, and relatively unaffected by environmental factors.

Developmental Psychology

A branch of psychology focused on how people grow and change throughout the lifespan, including cognitive, emotional, and social development.

Cognitive Changes

Alterations in mental functions such as memory, problem-solving, and attention that occur with age or as a result of neurological changes.