Question: Erics Replacement Cost Coverage Eric recently purchased a $72,000 broad form HO-2 policy with no deductible. A year later, his roof is damaged by a

Erics Replacement Cost Coverage

Eric recently purchased a $72,000 broad form HO-2 policy with no deductible. A year later, his roof is damaged by a fire and he suffers a loss of $57,600.

If the replacement value of Erics house is 120,000 and the insurance policy includes a replacement cost requirement of 80%, he will receive a reimbursement of _____

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