Question: 7. Reimbursement on property damage Dmitris Replacement Cost Coverage Dmitri recently purchased a $156,000 broad form HO-2 policy with no deductible. A year later, his

7. Reimbursement on property damage

Dmitris Replacement Cost Coverage Dmitri recently purchased a $156,000 broad form HO-2 policy with no deductible. A year later, his roof is damaged by a windstorm and he suffers a loss of $124,800.

If the replacement value of Dmitris house is 260,000 and the insurance policy includes a replacement cost requirement of 80%, he will receive a reimbursement of

$___________________

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