Mathematics, 06.10.2019 05:30 squawk1738
An insured's roof cost $4,000 when installed 5 years ago. it has been damaged by hail and must be replaced. the new roof will cost $6,000 at today’s prices. if the roof has been depreciating at $200 per year and the insured’s policy is written on the actual cash value(acv), how much will the policy pay toward the insured's new roof?
Answers: 2
actual cash value
replacement cost or purchase price of the item
expected life of the item
current life of the item
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An insured's roof cost $4,000 when installed 5 years ago. it has been damaged by hail and must be re...
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