财产保险基础第 262 / 531 题
The recoverable depreciation held back under a replacement cost policy becomes payable once the insured has:
a.Completed the repair or replacement
b.Accepted the actual cash value check
c.Paid the deductible to the contractor
d.Filed a sworn proof of loss form
解析
Replacement cost settlement is conditioned on actually repairing or replacing the damaged property, so until the work is done the insurer owes only actual cash value. Cashing the actual cash value draft settles nothing further by itself, and a proof of loss documents the claim rather than releasing the holdback. An insured who takes the money and never rebuilds keeps the actual cash value and loses the depreciation.
免费刷完整 531 道题库 — 无需注册。
Own the complete California Property & Casualty Broker-Agent guide — PDF + EPUB, $24.99 →
同考点相关题目
- A commercial flat roof would cost $48,000 to replace today. It has a 20-year expected life, it was 15 years old when a covered windstorm destroyed it, and the policy settles building losses on an actual cash value basis with no deductible. What does the insurer pay?
- When an adjuster depreciates a nine-year-old commercial carpet to reach actual cash value, the deduction is measured by the carpet's:
- A store's water-damaged interior would cost $30,000 to replace and is worth $18,000 on an actual cash value basis. The replacement cost policy carries a $1,000 deductible. Before any repair work is done, the insurer's first payment is:
- A century-old building has hand-plastered walls and ornamental tin ceilings. A policy written on a functional replacement cost basis settles a covered loss by paying to:
- Why is the value of the lot left out when an agent sets the amount of insurance on a house?
- A buyer pays $420,000 for a house. A recent appraisal values the lot alone at $130,000, and a contractor estimates $310,000 to rebuild the structure. The dwelling limit should be based on:
最近核对： · 审核流程
PrepPass 团队 · 依据官方资料核对 California Property & Casualty Insurance License Exam · 我们如何核对