What amount would a person with acv coverage receive

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Reference no: EM131486332

Question: 1. What amount would a person with actual cash value (ACV) coverage receive for twoyear-old furniture destroyed by a fire? The furniture would cost $2,000 to replace today and had an estimated life of five years.

2. What would it cost an insurance company to replace a family's personal property that originally cost $25,000? The replacement costs for the items have increased 15 percent.

Reference no: EM131486332

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