Jim's 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.

a- how much will Jim's 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.

b- Find the cash value of the insurance policy, explain the other two options available for victor