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Your Home Insurance Provides for Replacement Value for Personal Property

Question 78

Multiple Choice

Your home insurance provides for replacement value for personal property losses. Your china hutch was vandalized and completely destroyed. Your hutch cost $400 four years ago, but a new one will cost you $600. How much will the insurance company pay?


A) $400
B) $200
C) $600
D) Nothing; vandalism is not covered.

Correct Answer:

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