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AzJose AzJose
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7 years ago
Mike and Susan built their "dream home." They insured their home for its full replacement cost. They also added an endorsement that will pay up to an additional 20 percent of the policy limit in case the cost of rebuilding the home after a loss is greater than the policy limit. The basis under which Mike and Susan insured their home is called
A) actual cash value.
B) valued policy coverage.
C) extended replacement cost.
D) guaranteed replacement cost.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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Toni_AnnetteToni_Annette
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7 years ago
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AzJose Author
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7 years ago
Thanks
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This site is awesome
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this is exactly what I needed
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