INCORRECT!
So close! Being informed about coverage options helps you avoid financial pitfalls.
You don't buy life insurance because you are going to die, but because those you love are going to live. - Unknown
Need A Hint?
Replacement cost coverage pays to fully replace damaged or lost items at today’s prices, while actual cash value (ACV) factors in depreciation, meaning lower payouts for older items.
Did You Also Know...
By Quiz Coins
The ancient Babylonians are credited with creating the first known legal code, the Code of Hammurabi, which dates back to 1754 BCE and established "an eye for an eye" justice.