Suppose the replacement cost of Bob's home at the time ofloss is $100,000. The Coverage A limit is $70,000. Bob sustains roof damage to his home as a result of a fire. The replacement cost of the roof damage is $8,000. The actual cash value of the roof damage is $6,000. 

How much will Bob collect under the homeowner's insurance policy?

Answer rating: 100% (QA)

To determine how much Bob will collect under the homeowners insurance policy we need to consider the ... View the full answer