Several different values can be considered when determining how much i

Several different values can be considered when determining how much insurance should be carried on a dwelling (the Coverage A limit of the Homeowners 3 policy). The appropriate value that should be used is:

A) the home’s market value.
B) the home’s actual cash value.
C) the home’s appraised value for property tax purposes.
D) the home’s replacement cost.

ANSWER

Answer: D