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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
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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 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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