Question
Many years ago, Brad purchased $300,000 of coverage on his dwelling under a HO-3 policy. On July 4th, his house caught fire and he suffered
Many years ago, Brad purchased $300,000 of coverage on his dwelling under a HO-3 policy. On July 4th, his house caught fire and he suffered damages of $120,000. The replacement cost, excluding the land, is $400,000. If he has a $500 deductible, how much will the insurance company reimburse him for this loss?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
