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Marisa has a policy with replacement cost coverage and 80% co-insurance, and has a loss of $100,000 on her house. The replacement cost is $400,000

Marisa has a policy with replacement cost coverage and 80% co-insurance, and has a loss of $100,000 on her house. The replacement cost is $400,000 and the total policy coverage is $300,000. Since the loss is less than the coverage, she expects to get the full amount of the claim paid by the insurance company. Is she correct? Why? How much will the insurance company reimburse her for?

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