Identify the approach that uses friends and neighbors as the sales force

Medical payments coverage under the homeowners' and auto policy is meant to cover

A) small payments for immediate treatment regardless of who is at fault. B) small payments for immediate treatment only if you are not at fault. C) catastrophic medical payments for extended treatment regardless of who is at fault. D) catastrophic medical payments for extended treatment only if you are not at fault.

Actual cash value is equal to replacement cost minus depreciation

Indicate whether the statement is true or false.