On a standard unendorsed homeowners form, how do the loss settlement bases for the dwelling and for personal property differ?

Explanation

The unendorsed homeowners form pays replacement cost for the dwelling but settles personal property at actual cash value, so contents are depreciated unless a replacement-cost-on-contents endorsement is added. The choice that reverses the two bases is the common mix-up. The market-value answer confuses what a buyer would pay with what it costs to repair or replace.