Bamidele insured her house for $300,000 (insured value). It is actually worth $500,000 (actual value). She has

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Bamidele insured her house for $300,000 (insured value). It is actually worth $500,000 (actual value). She has no deductible. She has a basement flood with $40,000 damages . How much will the insurance company pay on this claim?

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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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Posted Date: Apr 05, 2024 08:57 PM

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Bamidele insured her house for $300,000 (insured value). It is actually worth $500,000 (actual value). She has

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Expert Answer:

Since Bamideles insured value is 300000 and the actual value of her house is 500000 we ne... View the full answer

Modern Principles of Economics

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