15. When purchasing homeowners or renters insurance, replacement value: (LO 10-3) a. Only reimburses you for the

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15. When purchasing homeowner’s or renter’s insurance, replacement value: (LO 10-3)

a. Only reimburses you for the amount originally spent to acquire personal property.

b. Costs less than insuring for the purchase price of items you owe.

c. Reimburses you for the amount required to replace your personal property at today’s values.

d. Should never be considered.

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Personal Finance Building Your Future

ISBN: 9780077861728

2nd Edition

Authors: Robert Walker, Kristy Walker

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Question Posted: Jul 26, 2024 09:02 AM

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15. When purchasing homeowners or renters insurance, replacement value: (LO 10-3) a. Only reimburses you for the

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Personal Finance Building Your Future

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