Dwelling Policy (DP)Question 275 of 474
The broad and special dwelling forms differ from the basic form in that they settle:
a.Losses to personal property at full replacement cost too
b.Dwelling losses at replacement cost, not actual cash value
c.Dwelling losses at the home's current fair market value
d.Every covered loss at actual cash value after depreciation
Explanation
Both the broad and special forms pay building losses at replacement cost, provided the insured carries the percentage of replacement cost the policy's loss-settlement condition demands. Personal property stays on an actual cash value basis unless a replacement cost endorsement is bought, so the contents answer overstates what the forms give.
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