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SSCP · Question #983
SSCP Question #983: Real Exam Question with Answer & Explanation
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Submitted by ravi_2018· Apr 18, 2026Risk Identification, Monitoring and Analysis
Question
If your property Insurance has Actual Cash Valuation (ACV) clause, your damaged property will be compensated based on:
Options
- AValue of item on the date of loss
- BReplacement with a new item for the old one regardless of condition of lost item
- CValue of item one month before the loss
- DValue of item on the date of loss plus 10 percent
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Topics
#Actual Cash Valuation (ACV)#Insurance#Asset Valuation