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Jake, the owner of ABC Burglar Alarm Company, has been searching for a risk management advisor and finally finds you. He comes to you for
Jake, the owner of ABC Burglar Alarm Company, has been searching for a risk management advisor and finally finds you. He comes to you for assistance in establishing the values at risk. You explain that there are several ways to arrive at values, some of which are established by insurance policy wording. To help him understand, from the following list, match the type of evaluation for each of the following:
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The historical cost less accumulated accounting depreciation
Choose
The replacement cost less a reduction for insurance depreciation or obsolescence
Choose
The price paid to acquire the property
Choose
What a willing buyer would give to a willing seller for the property
Choose
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