Exam DISC-IA Practice Question 422
Study guide: Exam DISC-IA
A house with a full replacement cost of $500,000 is insured under an HO-3 (HO 00 03 05 11) for $300,000 with a $1,000 deductible. Hail damages the roof; replacement costs $40,000, and the damaged roof's actual cash value is $25,000. The roof has been replaced. How much does the insurer pay?
- A) $23,000
- B) $24,000
- C) $29,000
- D) $39,000
Answer this question and see the worked solution