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Your friend's house was recently destroyed in a fire. Her homeowners' insurance policy included coverage on personal items up to 50% of the insured value

Your friend's house was recently destroyed in a fire. Her homeowners' insurance policy included coverage on personal items up to 50% of the insured value of the house. The house is insured for $300,000. Your friend lost a total of $175,000 worth of personal items in the fire. What amount will the insurance policy cover?

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