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Custom-made packing machine was included in the sale.

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When you bought a business, a complicated custom-made packing machine was included in the sale. You estimate that if the machine were destroyed it would cost $125,000 to replace. You are changing your property insurance, and the new insurance agent is relying on you to provide a value for the packing machine. You are considering two policy options. The first insures your machinery for $50,000. You figure this policy has a lower.

Reference no: EM133514546

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