Question

Who is legally capable to estimate the replacement value of a structure and discuss homeowners policy coverage levels?

1. An agent or broker.
2. An appraiser or architect.
3. An insurer underwriter or actuary.
4. A member of the insurance committee.

Answer 1

The person legally capable of estimating the replacement value of a structure and discussing homeowners policy coverage levels is an appraiser or architect.

Step-by-step explanation:

The person legally capable of estimating the replacement value of a structure and discussing homeowners policy coverage levels is An appraiser or architect. These professionals have the expertise and knowledge to assess the value of a structure and evaluate the coverage needed for a homeowners policy.

Agents or brokers may provide general information, but they may not have the specialized knowledge required for accurate estimation. Insurer underwriters or actuaries may determine policy premiums based on various factors but may not have the expertise to estimate replacement values. Members of an insurance committee may be involved in making policy decisions but may not be directly involved in estimating replacement values or discussing coverage levels.