Asked by Pirurris
Guaranteed replacement cost in a homeowner’s insurance
policy means that the insurance company
A. guarantees they’ll replace the lost items for you.
B. guarantees they’ll pay the current value of items lost.
C. will pay you what it costs to replace the items new.
D. will pay you something for lost items, but the amount
can’t be determined, so they guarantee an average
market value.
policy means that the insurance company
A. guarantees they’ll replace the lost items for you.
B. guarantees they’ll pay the current value of items lost.
C. will pay you what it costs to replace the items new.
D. will pay you something for lost items, but the amount
can’t be determined, so they guarantee an average
market value.
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