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Beau's limousine was parked outside the church, waiting for the bride and groom to make their grand exit, when the hailstorm struck. None of the
Beau's limousine was parked outside the church, waiting for the bride and groom to make their grand exit, when the hailstorm struck. None of the windows were broken by golfballsized hailstones, and the car was still completely drivable, but every body panel was badly dimpled. After subtracting a deductible, the comprehensive coverage of Beau's business auto policy, which covers his limousine will pay for
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a the cost of replacing the limousine with a comparable vehicle.
b the salvage value of the limousine
c the limousines actual cash value at the time of the loss, taking physical depreciation into account.
d the limousines actual cash value or the cost to repair or replace it whichever amount is lowest.
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