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How much will the insurance company pay

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Question - You have cash value coverage on your homeowner's insurance policy with $1000 deductible. Your custom-made dining room table cost $30,000 when you purchased it five years ago and was destroyed in a house fire. A custom furniture builder quoted $36,000 to build a similar one today. Total depreciation period on furniture is ten years. How much will the insurance company pay?

Reference no: EM133043813

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