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Your Home Insurance Provides for Replacement Value for Personal Property

Question 71

Multiple Choice

Your home insurance provides for replacement value for personal property losses.A microwave is stolen.It cost $300 two years ago and has an expected life of six years.A comparable microwave costs $400 today.What amount will the insurance company pay?


A) $100
B) $150
C) $200
D) $350
E) $400

Correct Answer:

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