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You are handling a flood claim in Galveston, Texas. Your policyholder has a flood policy on his home. The replacement cost of his dwelling is

You are handling a flood claim in Galveston, Texas. Your policyholder has a flood policy on his home. The replacement cost of his dwelling is $231,000. The flood related damages are valued at $225,000. He is insured for $228,000. How much will you pay him on his claim? Do not consider a deductible.

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