Michelle purchased a Homeowners 3 policy with no special endorsements to cover her home and personal property.
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Michelle purchased a Homeowners 3 policy with no special endorsements to cover her home and personal property. A fire occurred and destroyed a wide screen television. Heather paid $4000 for the TV new, and it was 25 percent depreciated when the fire occurred. The replacement cost of a similar television is $5000. Ignoring any deductible, how much will Michelle col- lect for the loss?
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Related Book For
Principles Of Risk Management And Insurance
ISBN: 9780321414939
10th Edition
Authors: George E. Rejda
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