Unformatted text preview: 3. Chapter 10 a. Your home insurance provides for replacement value for personal property losses. A microwave is stolen. It cost $300 two years ago and has an expected life of six years. A comparable microwave costs $400 today. What amount will the insurance company pay? b. In a policy that has 50/100/25 what do each of the three numbers represent?...
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- Spring '08
- 7%, $400, Home insurance, $1.60