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The replacement cost of a home is $500,000 at the time a fire damages the living room. The cost to repair the living room is

The replacement cost of a home is $500,000 at the time a fire damages the living room. The cost to repair the living room is $63,754, and the deductible is $500. Assume the policy has an eighty percent coinsurance clause. How much will the insured collect if the house is insured for only $380,000?

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