Their policy contained the usual 80 co-insurance clause, Financial Management

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Their policy contained the usual 80 co-insurance clause

Don and Judi had a $150,000 repair bill on their home after the tornado went through town. Their policy contained the usual 80% co-insurance clause. Their home's replacement value was $450,000; their policy coverage was $300,000 with a $500 deductible. (Round your percentage calculation to nearest whole number.)

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