Lucy owns a house on which she carries a $100,000 HO-3 policy. The replacement cost of the house is $200,000. A fire loss occurs that has a replacement cost of $6,968. Her deductible on the policy is $1,000. How much can Lucy collect under her HO-3 policy?

Answer rating: 100% (QA)

To calculate how much Lucy can collect under her HO3 policy we need t... View the full answer