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How should the owner of a detached home determine the amount of coverage to purchase in a homeowners' policy? a. Based on the replacement cost

  1. How should the owner of a detached home determine the amount of coverage to purchase in a homeowners' policy?

    a.

    Based on the replacement cost of the house.
    b.

    Based on the market value of the house.
    c.

    Based on the actual cash value of the house.
    d.

    Based on the owners' annual income.

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