Assume John Marshall owns a $150,000 home, which covers the replacement cost of the structure. (Ignore the

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Assume John Marshall owns a $150,000 home, which covers the replacement cost of the structure. (Ignore the deductible clause and consider just the coinsurance requirement.) If John purchased $120,000 of insurance, how much would he collect for a partial loss of $40,000? For a total loss of $150,000?
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