2. How much would a homeowner receive with actual cash-value coverage and replacement cost coverage for...
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2. How much would a homeowner receive with actual cash-value coverage and replacement cost coverage for a three-year old sofa destroyed by a fire? The sofa would cost $ 780 to replace today, whereas it cost $ 649 three years ago, and it has an estimated life of six years. With actual cash-value coverage, the amount the owner would receive for the sofa would be $ With replacement coverage, the amount the owner would receive for the sofa would be $ (Round to the nearest dollar.) (Round to the nearest dollar.) 2. How much would a homeowner receive with actual cash-value coverage and replacement cost coverage for a three-year old sofa destroyed by a fire? The sofa would cost $ 780 to replace today, whereas it cost $ 649 three years ago, and it has an estimated life of six years. With actual cash-value coverage, the amount the owner would receive for the sofa would be $ With replacement coverage, the amount the owner would receive for the sofa would be $ (Round to the nearest dollar.) (Round to the nearest dollar.)
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