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A dwelling with a replacement cost of $200,000 was insured under a Homeowners 3 policy for $180,000 at the time the roof
Posted: Thu May 05, 2022 9:09 am
by answerhappygod
- A Dwelling With A Replacement Cost Of 200 000 Was Insured Under A Homeowners 3 Policy For 180 000 At The Time The Roof 1 (139.31 KiB) Viewed 45 times
A dwelling with a replacement cost of $200,000 was insured under a Homeowners 3 policy for $180,000 at the time the roof was destroyed by a windstorm. The actual cash value of the loss was $9,000, but it will cost $12,000 to replace the roof. Ignoring any deductible, what will the insurer pay to settle this loss? $8,000 $9,000 $10,000 $12,000