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Antonio has a $ 5 2 , 0 0 0 HO - 1 form insurance policy. No additional endorsements or floaters have been added to
Antonio has a $ HO form insurance policy. No additional endorsements or floaters have been added to the policy. Therefore, the actual cash value ACV of his property covered under this policy and the replacement cost of his property covered.
One of his more valuable items is a custom electric guitar he purchased when his band starting gaining popularity. He purchased the guitar years ago for $ and the total life expectancy is years. The custom electric guitar he purchased when his band starting gaining popularity would cost $ if it was purchased today.
The actual cash value ACV of the guitar is
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