Would a television set be covered for replacement cost under a replacement cost endorsement?

A television set would be covered for replacement cost under a replacement cost endorsement because such an endorsement typically allows insured parties to receive compensation based on the cost to replace the item with a similar one at current market prices, without deducting for depreciation.

The replacement cost endorsement is designed to provide financial protection that aligns with the current cost of purchasing a like item, ensuring that the insured can adequately replace lost or damaged property. This feature is particularly beneficial for items like televisions, which may decrease in value over time but can be replaced with newer models at a higher market price.

Unlike basic coverage that may apply depreciation, the replacement cost endorsement ensures that the insured does not face a financial shortfall when replacing essential items following a loss. Thus, under this endorsement, the television set would indeed be covered for its full replacement cost.