Which of the following statements about the provisions of the building

Which of the following statements about the provisions of the building and personal property coverage form is (are) true?

I. A separate deductible must be satisfied for each building damaged in the same occurrence.
II. Under the replacement cost option, there is no deduction for depreciation.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: B