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Michele's homeowners policy had no applicable endorsements that would apply when her diamond ring slipped off her finger and was flushed into the public sewer

Michele's homeowners policy had no applicable endorsements that would apply when her diamond ring slipped off her finger and was flushed into the public sewer system. The ring has a replacement cost value of $3,000 and an actual cash value of $2,000. Michele's HO 3 homeowners policy (2011 edition) will

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