Question: Reimbursement on property damage Tim's Replacement Cost Coverage Tim recently purchased a board form HO - 2 policy with no deductible. The policy value is

Reimbursement on property damage
Tim's Replacement Cost Coverage
Tim recently purchased a board form HO-2 policy with no deductible. The policy value is $96,000. A year later, his roof is damaged by a fire and he suffers a loss of $76,800.
If the replacement value of Tim's house is $160,000 and the insurance policy includes a replacement cost requirement of 80%, he will receive a reimbursement of $
Reimbursement on property damage Tim's Replacement Cost Coverage Tim recently purchased

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