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Define the replacement value of the property

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Reference no: EM131628776

Question: 1. Kim Kiser's masonry home is insured for $328,000 with a $1,500 deductible. The home is located in zone 1. Find the annual premium if Kim's credit is rated BAD.

2. Find the face value required by the 80% coinsurance clause for full compensation: Multiply 0.8 by the replacement value of the property.

Reference no: EM131628776

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