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Mark's home, which currently has a replacement cost value of $ 4 0 0 , 0 0 0 and an actual cash value of $

Mark's home, which currently has a replacement cost value of $400,000 and an actual cash value of $320,000, is insured under a homeowners policy with a limit of $360,000 on the dwelling building. A garage attached to Mark's home has just sustained covered damage with a replacement cost value of $2000 and an actual cash value of $1,500. Mark has not yet decided whether to have the garage rebuilt. Ignoring deductibles, Mark's homeowners insurer is currently obligated to pay Mark

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