7. A dwelling with a replacement cost of $150,000 was insured under a Homeowners 3 policy...

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7. A dwelling with a replacement cost of $150,000 was insured under a Homeowners 3 policy for $100,000 at the time the roof was destroyed by a windstorm. The actual cash value of the loss was $9,000, but it will cost $19,800 to replace the roof. Assuming no deductible, what will the insurer pay to settle the loss? (a) $16,500 (b) $15,000 (c) $13,000 (d) $9,000 Double-click to hide white space 7. A dwelling with a replacement cost of $150,000 was insured under a Homeowners 3 policy for $100,000 at the time the roof was destroyed by a windstorm. The actual cash value of the loss was $9,000, but it will cost $19,800 to replace the roof. Assuming no deductible, what will the insurer pay to settle the loss? (a) $16,500 (b) $15,000 (c) $13,000 (d) $9,000 Double-click to hide white space