Multiple Choice
Jeff apartment was broken into and his three-year-old TV was taken.Jeff had paid $900 for the TV,but it will cost $1,200 to replace the unit.What is the actual cash value of the TV assuming it has a life expectancy of nine years?
A) $1,200
B) $900
C) $600
D) $300
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Reduced risk gives one the freedom to<br>A)drive
Q17: You can add coverage under your auto
Q20: Homeowner's insurance will pay for bodily injuries
Q45: Floater policies provide insurance protection for<br>A)all personal
Q59: The fee charged for insurance protection is
Q64: An addition to a standard insurance policy
Q120: Floater policies provide named-peril protection for movable
Q134: An insurance policy will pay the actual
Q139: Actual cash value of an asset represents
Q140: Which of the following types of insurance