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Assume John Johnson owns a $ 1 5 0 , 0 0 0 ( replacement cost of the structure ) town home. ( Ignore the

Assume John Johnson owns a $150,000(replacement cost of the structure) town home. (Ignore the deductible clause and consider just the coinsurance requirement.) If John purchased $100,000 of insurance how much would he collect for a partial loss of $40,000?

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