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Sarah Avolio had a fire in her home. Her house is currently valued at $200,000 and the insurance, which hasnt been updated since she bought
Sarah Avolio had a fire in her home. Her house is currently valued at $200,000 and the insurance, which hasnt been updated since she bought the house 10 years ago, is still at $110,000. The insurance company uses the co-insurance rule. The fire caused $30,000 in damage. If she has a $1,000 deductible, how much will the insurance company pay for the damage?
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