With some insurance policies, the value of the asset to be replaced is the current market value. For example, if you bought a couch five years ago for $1,000, and the current value of the couch is $300, you would only get $300 if the couch were destroyed. However, many insurance companies offer a "rider" that gives full replacement. In this case, if a comparable new couch were now $1,200, you would get the full $1,200 if your couch were destroyed. How would you view this rider in option terms?