What Is the Main Difference Between Replacement Cost Coverage and Actual

question 93

Multiple Choice

What is the main difference between replacement cost coverage and actual cash value coverage?

• A)Replacement cost coverage does not consider depreciation.
• B)Actual cash value does not consider depreciation.
• C)Replacement cost coverage requires an endorsement to your policy.
• D)All of the above are correct.
• E)Only A and C are correct.

---

Definitions:

W-4

A form used in the United States for income tax withholding purposes, allowing employers to withhold the correct federal income tax from an employee's pay.

Federal Taxes

Taxes administered and collected by the federal government on income, sales, and activities within its jurisdiction.

Paychecks

Regular payments made to employees for their work, typically on a fixed schedule.

State Directory

A comprehensive listing of government and administrative offices within a specific state, often available online.