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Jasmine purchased a home in 2014 for $300,000. She incurs the loss of $75,000 in fire damage. The actual cash value of her home is
Jasmine purchased a home in 2014 for $300,000. She incurs the loss of $75,000 in fire damage. The actual cash value of her home is $290,000 and the replacement cost is $325,000. She has a policy for $290,000 with a $1,000 deductible. How much will her insurer pay her for this loss?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
