All of the following are true of the Fine Arts Floater, except:

All of the following are true of the Fine Arts Floater, except:




a. Coverage is written on a replacement cost basis


b. Coverage applies only to scheduled items


c. It covers such items as paintings, rare manuscripts and antiques


d. It has a 90-day automatic coverage for newly acquired items



Answer: a. Coverage is written on a replacement cost basis

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