Which of the following factors cannot be used to determine an insurer's limit of liability on property coverage? OA. Actual cash value OB. Replacement cost O C. Salvage value Policy limits D. Whiteboard

Which of the following factors cannot be used to determine an insurer's limit of liability on property coverage? OA. Actual cash value OB. Replacement cost O C. Salvage value Policy limits D. Whiteboard

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter10: Protecting Your Property

Section: Chapter Questions

Problem 1LO

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Question

Which of the following factors cannot be used to determine an insurer's limit of liability on property coverage?
O A.
Actual cash value
Replacement cost
Salvage value
Policy limits
OB.
O C.
D.
Whiteboard

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