Replacement Cost for Settling Property Insurance Claims Is Less Costly

question 28

True/False

Replacement cost for settling property insurance claims is less costly than the actual cash value method.

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Definitions:

Hydrometer

An instrument used to measure the density (specific gravity) of liquids.

Specific Gravity

A measure of the density of a substance compared to the density of water, indicating how heavy or light a substance is relative to water.

Battery Drain

The depletion of a battery's charge, often occurring when electrical devices consume power faster than it can be replenished or when the vehicle is not in use.

Key-Off

The state of an automotive electrical system when the ignition key is turned to the off position, cutting power to the engine and most electrical components.