Jims house was damaged when lightning struck his roof. The cost to fix the home will be 30,000. He carries an HO-3 Policy with a $500 deductible. If the home is insured for $200,000 and the replacement value is $180,000, how much will jims reimbursement from the insurance company be?

Victor has a $10,000 cash value policy purchased 15 years ago when he was 25 years old. The policy will be paid at age 65. Using a table find the cash value of the insurance policy, explain the other two options available for victor