All of the following are Methods of Settling a Loss except:
A)Actual Cash Value.
B)Fair Market Value.
C)Guaranteed Replacement Cost.
D)Replacement Cost.

Name: All of the following are Methods of Settling a Loss except: A)Actual Cash Value. B)Fair Market Value. C)Guaranteed Replacement Cost. D)Replacement Cost.
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Question

Quizplus · Accepted Answer

Fair Market Value is not a method of settling a loss in insurance; it refers to the price an asset would sell for on the open market.

All of the Following Are Methods of Settling a Loss