Which option allows for paying the cost of repairing property?

Claim settlement options refer to the various methods and scenarios under which an insurance company can pay for damages incurred to a policyholder’s property. This includes settling a claim through cash payments, repair services, or replacement of the damaged items. When a policyholder files a claim for property damage, the insurance company assesses the damages and determines the appropriate settlement option based on the policy coverage.

The other options, while related to the insurance process, do not directly pertain to paying for the cost of repairing property. Subrogation agreements involve the insurer seeking reimbursement from a third party after a claim is paid, insurance premium adjustments refer to the costs associated with modifying an insurance policy coverage level or premium rate, and coverage validation ensures that an insurance policy covers the specific loss or damage claimed. Thus, claim settlement options are the primary means through which costs related to property repairs are addressed.