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? ^ ^ ^ ^ ^ ^ ^ ^ If t h e h o m e o w n e r ' s p
? ^ ^ ^ ^ ^ ^ ^ ^ Ift h e h o m e o w n e r ' s p o l i c y c o v e r s 4 0 % oft h e r e p l a c e m e n t costa n d t h e a c t u a l c a s h v a l u e oft h e l o s s is$ 1 2 , 0 0 0 , w h a t w o u l d bet h e a m o u n t ofr e c o v e r y ift h e r e p a i r costsa m o u n t to$ 3 0 , 0 0 0 ? A c t u a l c a s h v a l u e : $ 1 2 , 0 0 0 R e p a i r costs: $ 3 0 , 0 0 0 C o v e r a g e p e r c e n t a g e : 4 0 % R e p l a c e m e n t cost: ? A m o u n t ofr e c o v e r y : ?
Ift h e h o m e o w n e r ' s p o l i c y c o v e r s 4 0 % oft h e r e p l a c e m e n t costa n d t h e a c t u a l c a s h v a l u e oft h e l o s s is$ 1 2 , 0 0 0 , w h a t w o u l d bet h e a m o u n t ofr e c o v e r y ift h e r e p a i r costsa m o u n t to$ 3 0 , 0 0 0 ?
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