Business, 16.03.2020 17:03 baileytmyers01

The insured’s house is located one mile from the county’s new landfill and across the road from the entrance of a rock quarry. It would cost $150,000 to rebuild the house if something happened to it, but when the insured tried to sell it, the best offer he received was $80,000. The insurance company will insure the house for only $80,000. What method of valuation is used to insure this property?

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The insured’s house is located one mile from the county’s new landfill and across the road from the...

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