When an insurance policy covers replacement value, a loss results in a settlement that pays for what? A. The replacement of the most valuable items lost B. Brand new items to replace the items lost C. The purchase of used items most similar to the items lost D. A new apartment to replace the one lost

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Question

Collin Walton

Business

5 September, 07:15

When an insurance policy covers replacement value, a loss results in a settlement that pays for what? A. The replacement of the most valuable items lost B. Brand new items to replace the items lost C. The purchase of used items most similar to the items lost D. A new apartment to replace the one lost

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Answers (1)

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Lainey Holder · Answer 1

C. The purchase of used items most similar to the items lost

Explanation:

When an insurance policy covers replacement value, a loss results in a settlement that pays for the purchase of used items most similar to the items lost.