Which one of the following statements is true regarding the valuation conditions of the ISO Builders Risk Coverage Form? Available answer options Select only one option A The valuation condition provides coverage on a replacement cost basis. B The Agreed Value optional coverage provides the easiest method for insureds to avoid a coinsurance penalty. C An 80 percent coinsurance clause applies. D The amount of insurance at the policy inception should be equal to the building's full completed value.

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The true statement regarding the valuation conditions of the ISO Builders Risk Coverage Form is ... View the full answer