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Business, 19.02.2021 04:50 pooh969owys2a

Stewart owns a home with a replacement cost of $300,000. He purchased $200,000 of property insurance on the house with a $1,000 deductible for all losses. The house caught on fire and sustained $100,000 worth of damage. The actual cash value (ACV) of the damaged portion of the property was $80,000. How much will Stewart receive as reimbursement for the loss

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Stewart owns a home with a replacement cost of $300,000. He purchased $200,000 of property insurance...
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