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3. Reimbursement on property damage David's Replacement Cost Coverage David recently purchased a board form HO-2 policy with no deductible. The policy value is $50,000.

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3. Reimbursement on property damage David's Replacement Cost Coverage David recently purchased a board form HO-2 policy with no deductible. The policy value is $50,000. A year fater, his roof is damaged by a windstorm and he suffers a loss of $48,000. If the replacement value of David's house is $100,000 and the insurance policy includes a replacement cost requirement of 80%, he will recelve a relmbursement of 5

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