Question: Dmitri's Replacement Cost Coverage Dmitri recently purchased a $174,000 broad form HO-2 policy with no deductible. A year later, his roof is damaged by a
Dmitri's Replacement Cost Coverage Dmitri recently purchased a $174,000 broad form HO-2 policy with no deductible. A year later, his roof is damaged by a windstorm and he suffers a foss of $139,200. If the replacement value of Dmitr's house is 290,000 and the insurance policy includes a replacement cost requirement of 80%, he will receive a reimbursement of
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