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Homework help! 1. (10%) a policy provides like-kind replacement cost coverage for the dwelling and that $80,000 of coverage is purchased. How much will the

Homework help!

1. (10%) a policy provides like-kind replacement cost coverage for the dwelling and that $80,000 of coverage is purchased. How much will the insurer pay under each of the following scenarios (ignoring any deductible):

Diagram:

Loss: $20,000 | $50,000 | $70,000 | $90,000 | $110,000

Replacment dwelling cost: $110,000 | $115,000 | $120,000 | $125,000 | $130,000

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