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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.

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