Question: Patrick recently purchased a board form HO - 2 policy with no deductible. The policy value is $ 9 0 , 0 0 0 .

Patrick recently purchased a board form HO-2 policy with no deductible. The policy value is $90,000. A year later, his roof is damaged by vandalism and he suffers a loss of $72,000.
If the replacement value of Patricks house is $150,000 and the insurance policy includes a replacement cost requirement of 80%, he will receive a reimbursement of $

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