FUNDAMENTALS OF INSURANCE Your client's fumiture store is insured under a commercial property insurance policy to which a Replacement Cost Endorsement is attached. To qualify for settlement on a repiacement cost basis, the insured must comply with all of the following obligations, except one. Pick the Exception. (I mark) a) replacement shall be effected by the insured with due diligence and dispatch. b) replacement shall be on the same site or an adjacent site. c) replacement shall commence within 45 days of the insurer agreeing to pay the loss ed) payment of the loss on a replacement cost basis shall be provided only after the insured has actuolly repaired or replaced the property