Homeowner insurance policy

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Reference no: EM131073573

Adam Barrow of Columbia, Missouri, has owned his home for ten years. When he purchased it for $178,000,Adam bought a $160,000 homeowner's insurance policy. He still owns that policy, even though the replacement cost of the home is now $300,000.

(b) How much insurance on the home should Adam carry to be fully reimbursed for a fire loss?

Reference no: EM131073573

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