Which of the Following Statements Best Describes the 80 Percent

Multiple Choice

Which of the following statements best describes the 80 percent rule?

A) Your home is covered for 80 percent of its original value,regardless of replacement cost.
B) Your home is covered for replacement cost,provided the total premiums paid are less than 80 percent of the outstanding premiums due.
C) Replacement cost coverage is only effective if your home is insured for at least 80 percent of its replacement cost.
D) Your house cannot be replaced if its replacement cost is less than 80 percent of assessed market value.
E) none of the above