Under the farm property form with replacement cost coverage, after the first $1,000 how is the claim paid?

Under the farm property form with replacement cost coverage, after the first $1,000 how is the claim paid?




ACV until repairs are completed and then the full replacement cost is paid


ACV until the proof of loss is sent to the insurer


ACV until the loss is paid by the insurer


ACV unless the 80% of the total loss



Answer: ACV until repairs are completed and then the full replacement cost is paid

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