How Much Coverage Would Be Provided Under a Standard Homeowner's

question 69

Multiple Choice

How much coverage would be provided under a standard homeowner's cash value policy which deems furniture to be fully depreciated in ten years,if your antique dresser from the 1860s is destroyed by fire? You purchased the dresser eleven years ago for $1300 and it was recently appraised at $2600,and you have an offer from an antique collector to purchase it for $3100.

• A)$0
• B)$1300
• C)$2600
• D)$3100

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Definitions:

Document Appearance

The visual presentation of a document, including layout, format, fonts, and colors, impacting readability and perception.

Quality

Refers to the degree of excellence or superiority that an item, process, or service possesses.

Sentence Starter

A word or phrase used at the beginning of a sentence to engage the reader and give direction to the sentence’s structure.

Longer

Having greater length in time, duration, or physical measurement.