Heather owns a home with a replacement cost

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Reference no: EM131047062

Heather owns a home with a replacement cost of $400,000 that is insured under a Homeowners 3 policy for $280,000. The roof was badly damaged in a severe windstorm, and it will cost $20,000 to repair the roof. The actual cash value of the loss is $10,000. Ignoring any deductible, how much will Heather collect from the insurer?

Reference no: EM131047062

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