Short Answer
Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Your house has a replacement value of $120,000.Your HO policy has an 80% co-insurance clause.In order to receive full compensation if your house is totally destroyed,you must carry insurance for [$96,000 | $120,000].
Correct Answer:

Verified
Correct Answer:
Verified
Q123: Section I of the homeowner's insurance policy
Q124: Your car is damaged by fire while
Q125: Generally,actual cash value is defined as<br>A)replacement cost.<br>B)original
Q126: The principle of indemnity does not apply
Q127: Liability claims may result from alleged negligent
Q129: Choose the word or phrase in [
Q130: The advisable dollar limit for any one
Q131: The principle of _ states that an
Q132: Replacement cost and actual cash value is
Q133: Collision insurance pays for damage to your