The answers I had orginally in my response were incorrect.

How much would you receive with actual cash-value coverage for a four-year-old sofa destroyed by fire? The sofa would cost $850 to replace today, whereas it cost $800 four years ago and had an estimated life of 8 years. Your Answer: 450 Answer Hide hint for Question 13. For actual cash-value coverage, you don't get the full replacement cost. Rather, you get the replacement cost times the proportion of useful life remaining. There is a reduction in value due to the item being halfway through its useful life. You are liable for: (select all that apply your dog's attack on a pedestrian damage your friend causes while driving your car with your permission damage you cause while driving your car damage a thief causes after stealing your car Next incorrect question A Question 5 (0.15 points) Retake question Saved Ways to lower the cost of your insurance coverage include: (select all that apply) staying accident free taking advantage of discounts. comparison shopping, increasing your deductibles