Final answer:
Most TDP-1 insurance policies are settled at the actual cash value (ACV) of the property.
Step-by-step explanation:
Most TDP-1 insurance policies are settled at the actual cash value (ACV) of the property. ACV is the current market value of the property, which takes into account factors such as age, condition, and depreciation. The settlement amount is determined by assessing the property and subtracting any deductible that may apply.