Which of the following statements about the provisions of the building and personal property coverage form is (are) true?

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Which of the following statements about the provisions of the building and personal property coverage form is (are) true?

I. A separate deductible must be satisfied for each building damaged in the same occurrence.
II. Under the replacement cost option, there is an automatic 10 percent deduction for depreciation.

A) I only
B) II only
C) Both I and II
D) Neither I nor II

Answer: D

Commercial Property Insurance

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