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State Farm Property Test | 100% Correct Answers (GUARANTEED PASS) Question 1 In property insurance, actual cash value is defined as which of the following? A. The original purchase price of the property B. Replacement cost at the time of the loss, less d
State Farm Property Test | 100% Correct Answers (GUARANTEED PASS) 
 
Question 1 
In property insurance, actual cash value is defined as which of the following? 
A. The original purchase price of the property 
B. Replacement cost at the time of the loss, less depreciation 
C. The market value of the property at the time of loss 
D. The assessed tax value of the property 
VERIFIED ANSWER B. Replacement cost at the time of the loss, less depreciation 
Rationale: Actual cash value is calculated by t...
- Exam (elaborations)
- • 124 pages •
State Farm Property Test | 100% Correct Answers (GUARANTEED PASS) 
 
Question 1 
In property insurance, actual cash value is defined as which of the following? 
A. The original purchase price of the property 
B. Replacement cost at the time of the loss, less depreciation 
C. The market value of the property at the time of loss 
D. The assessed tax value of the property 
VERIFIED ANSWER B. Replacement cost at the time of the loss, less depreciation 
Rationale: Actual cash value is calculated by t...
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