Exam DISC-IA Practice Question 37
Study guide: Exam DISC-IA
A house with a full replacement cost of $300,000 is insured under an HO-3 for $250,000, with a $500 deductible. A kitchen fire causes damage that costs $40,000 to repair with materials of like kind and quality; depreciation on the damaged part is 30%. The insured completes the repairs for $40,000. What does the insurer pay?
- A) $27,500
- B) $32,833
- C) $39,500
- D) $40,000
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