Which of the following statements about the personal property replacem

Which of the following statements about the personal property replacement cost endorsement used with the homeowners policy is (are) true?

I. The damaged or destroyed property must be repaired or replaced, no matter the size of the loss.
II. It is designed primarily for antiques and fine art.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: D