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Question
Use the table for the percent of coverage to determine the (a) amount of insurance on the home, (b) amount of coverage for the garage, (c) amount of coverage for loss of use, and (d) amount of coverage for personal property.
Replacement value: $324,000; coverage: 80%.
Solution
VerifiedStep 1
1 of 5(a)
The amount of insurance on the home is the product of the replacement value and the coverage.
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