Which of the following is NOT a claim settlement option?

The option referring to "only providing partial reimbursements" is not a claim settlement option because claim settlements generally aim to either cover the entire loss or provide compensation that aligns with the value of the damaged property. In most cases, insurance policies offer various methods to settle claims that are designed to restore the insured party to the financial position they were in before the loss occurred.

When a claim is settled, the typical approaches include repairing or rebuilding the property using approved methods, which ensures the property is restored to its pre-damage condition. In scenarios where repair or rebuilding is not feasible, insurers may opt to pay the full value of the damaged property to compensate the claimant adequately for their loss. Additionally, a settlement can involve taking all or part of the property at an agreed value, which can be part of the negotiation process based on the damages assessed.

Thus, the option related to partial reimbursements does not align with recognized claim settlement practices, which are focused on full compensation for the losses incurred. This ensures that the insured party can effectively manage the financial repercussions of the damage sustained.