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Assume 10-year-old home orginally cost $300,000.Unexpectedly, a fire totally destroys your home. Over the past 10 years, your home has increased in value by 20%

Assume 10-year-old home orginally cost $300,000.Unexpectedly, a fire totally destroys your home. Over the past 10 years, your home has increased in value by 20% and is now worth $360,000.

Under the replacement value coverage, what will the insurance company pay you?

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