SSCP: Systems Security Certified PractitionerDemo

Question

If your property insurance includes a Replacement Cost Valuation (RCV) clause, how will your damaged property be compensated?

A Based on the value of item on the date of loss
B Based on new, comparable, or identical item for old regardless of condition of lost item
C Based on value of item one month before the loss
D Based on the value listed on the Ebay auction web site

Explanation

Replacement Cost Valuation pays the cost to replace damaged property with a new, comparable, or identical item, without reducing payment for depreciation resulting from the lost item’s age or condition.

SSCP: Systems Security Certified PractitionerDemo

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