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Thomas's house is insured for $250,000, and he has been paying premiums for the past 10 years. Thomas's home was wiped out in a fire.
Thomas's house is insured for $250,000, and he has been paying premiums for the past 10 years. Thomas's home was wiped out in a fire. The face value of the policy is $250,000, the remaining mortgage is $115,000, and the appraised value is $210,000. How much can he recover from his insurance company for the loss?
A) $250,000
B ) $210,000
C) $115,000
D) $95,000
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