Multiple Choice
If an insured has actual cash value coverage, how much would he collect given the following facts?
1) Replacement cost of the building is $200,000,
2) Replacement cost of the loss is $30,000,
3) Estimated total useful life is 30 years, and
4) Building has been in use 15 years.
A) $70,000
B) $45,000
C) $30,000
D) $15,000
Correct Answer:
Verified
Correct Answer:
Verified
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