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Max mcleod owns a home with a replacement value of 798500

Question: Max McLeod owns a home with a replacement value of $798,500. His homeowners insurance policy has an 80% coinsurance clause and a face value of $600,000. Damage caused by a hurricane costs $590,000. How much will Max's insurance company pay?

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Mathematics: Max mcleod owns a home with a replacement value of 798500

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