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Nathan's Replacement Cost Coverage Nathan recently purchased a $60,000 broad form HO-2 policy with no deductible. A year later, his roof is damaged by vandalism
Nathan's Replacement Cost Coverage Nathan recently purchased a $60,000 broad form HO-2 policy with no deductible. A year later, his roof is damaged by vandalism and he suffers a loss of $48,000. If the replacement value of Nathan's house is $100,000 and the insurance policy includes a replacement cost requirement of 80%, he will receive a reimbursement of $
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