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Question 7 0 / 1.37 pts Sufficient Dwelling Coverage? Colton Gentry of Lancaster, California, has owned his home for ten years. When he purchased it
Question 7 0 / 1.37 pts Sufficient Dwelling Coverage? Colton Gentry of Lancaster, California, has owned his home for ten years. When he purchased it for $178,000, Colton bought a $160,000 homeowner's insurance policy. He still owns that policy, even though the replacement cost of the home is now $300,000. (b) How much insurance on the home should Colton carry now to be fully reimbursed for a fire loss? $240,000 $320,000 $300,000 $210,000
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