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A client owns a home with a replacement value of $320,000. The home is currently insured for $249,000. If the client incurs a $30,000 loss

  1. A client owns a home with a replacement value of $320,000. The home is currently insured for $249,000. If the client incurs a $30,000 loss and has a $1,000 deductible, how much will the insurance company pay?

    a.

    $24,900.00

    b.

    $28,179.69

    c.

    $29,179.69

    d.

    $30,000.00

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