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If the Insured Chooses This Basis of Property Insurance Payment

Question 38

Multiple Choice

If the insured chooses this basis of property insurance payment in building and personal property coverage form, then the provision 7 valuation of section E, loss conditions, applies.Identify this basis of payment.


A) Replacement cost new
B) Virtual replacement cost
C) Actual cash value
D) Forecasted cash value
E) Extended replacement cost

Correct Answer:

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