Question: Hello CH, Could you help me understand this problem? 7. Reimbursement on property damage Lorenzo's Replacement Cost Coverage Lorenzo recently purchased a $162,000 broad form

Hello CH, Could you help me understand this problem?

Hello CH, Could you help me understand this problem? 7. Reimbursement on

7. Reimbursement on property damage Lorenzo's Replacement Cost Coverage Lorenzo recently purchased a $162,000 broad form HO-2 policy with no deductible. A year later, his roof is damaged by a fire and he suffers a loss of $129,600. If the replacement value of Lorenzo's house is 270,000 and the insurance policy includes a replacement cost requirement of 80%, he will receive a reimbursement of S

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