Which of the following statements concerning the scheduled personal pr

Which of the following statements concerning the scheduled personal property endorsement with agreed value loss settlement is (are) true?

I. The endorsement provides open-perils (“all-risks”) coverage on the scheduled property.
II. Losses under the endorsement are settled on an actual cash value basis.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: A