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7. Reimbursement on property damage Aa Aa Shen's Replacement Cost Coverage Shen recently purchased a...

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Accounting

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7. Reimbursement on property damage Aa Aa Shen's Replacement Cost Coverage Shen recently purchased a $144,000 broad form H0-2 policy with no deductible. A year later, his roof is damage vandalism and he suffers a loss of $115,200 If the replacement value of Shen's house is $240,000 and the insurance policy includes a replacement cost requirement of 80%, he will receive a reimbursement of $

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