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Terry purchased $275,000 homeowner's insurance coverage. The replacement value on this house is $425,000 and therefore does not meet the 80% rule. If Terry's deductible
Terry purchased $275,000 homeowner's insurance coverage. The replacement value on this house is $425,000 and therefore does not meet the 80% rule. If Terry's deductible is $2,500 and a fallen tree caused $37,177 worth of damage, how much of the repair cost is Terry responsible for paying?
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