Which of the following statements about the appraisal clause in the Ho

Which of the following statements about the appraisal clause in the Homeowners 3 policy is (are) true?

I. It is used to determine a value for personal property when the policy is issued.
II. It is used to help settle disputes over the amount of a loss after a loss has occurred.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: B