### Kitchen with a replacement value

##### Reference no: EM132281471

David has homeowners 3 policy that provides \$280,000 of insurance on his dwelling, which has a current replacement value of \$400,000. Ignoring any deductible, how much will David collect if a kitchen with a replacement value of \$24,000 but an actual cash value of \$20,000 is destroyed in a fire?

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