Debra's Victorian home has ornate wood banisters along a winding staircase, as well as intricate moldings around the windows. If a fire destroys the house and the insurance company replaces the woodwork with standard material and work, which of the following types of coverage does Debra have?

Debra's Victorian home has ornate wood banisters along a winding staircase, as well as intricate moldings around the windows. If a fire destroys the house and the insurance company replaces the woodwork with standard material and work, which of the following types of coverage does Debra have?


a. Stated value

b. Replacement cost

c. Functional replacement cost

d. Guaranteed replacement cost



Answer: C

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