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Jennifer and Chad have a homeowner's policy with contents replacement-cost coverage for personal property up to 50 percent of the insurance on their home. What

Jennifer and Chad have a homeowner's policy with contents replacement-cost coverage for personal property up to 50 percent of the insurance on their home. What will the insurance company pay for their stolen property under the following situation?

Insured value of house

$100,000

Deductible

$500

Actual cash value of stolen property

$30,000

Replacement value of stolen property

$48,000

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