Will purchased a home for $350,000 five years ago. He did significant renovations and additions increasing the value to $400,000. He forgot to update his orginal policy limits of $280,000. He incurred a $100,000 loss by fire. He has a $2,500 deductible. How much will he be responsible for after accounting for the amount his insurer will pay?

Answer rating: 100% (QA)

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