In claiming for damage to a building under a Homeowners Comprehensive policy, the insured has two options: (A) replacement cost settlement or (B) actual cash value settlement. If the insured opts for (A), which one (1) of the following conditions do NOT apply? OA) Replacement must be made on the same site. OB) The amount paid for the loss will depend upon whether or not the amount of insurance is at least 80% of the actual cash value of the building. OC) Repair or replacement must be made on the same site with materials of similar quality. OD) Repair or replacement must be made within a reasonable time after the damage occurs.

In claiming for damage to a building under a Homeowners Comprehensive policy, the insured has two options: (A) replacement cost settlement or (B) actual cash value settlement. If the insured opts for (A), which one (1) of the following conditions do NOT apply? OA) Replacement must be made on the same site. OB) The amount paid for the loss will depend upon whether or not the amount of insurance is at least 80% of the actual cash value of the building. OC) Repair or replacement must be made on the same site with materials of similar quality. OD) Repair or replacement must be made within a reasonable time after the damage occurs.

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