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

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

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