1. On a depreciating asset most likely the insurance premium would be higher for
A. A replacement cost policy
B. A value based policy
C. This make no difference
D. High deductible policy
2. Named perils in an insurance policy
A. State the exact things that are covered
B. State broad situations that are covered but are not specific
C. Are the same as exclusions
D. Are not permitted in construction
3. All insurance companies are the same and there is no need to shop around for insurances policies for construction project work.
A. True
B. False