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Roxanne's 50" TV was damaged during a electric storm, how much will she receive with a replacement cost endorsement?

User LiqSTAR
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1 Answer

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Final answer:

Roxanne should receive an amount equal to the current market price for a new, similar TV due to her insurance policy's replacement cost endorsement, without any deduction for depreciation.

Step-by-step explanation:

The question relates to how much Roxanne would receive from an insurance policy with a replacement cost endorsement after her 50" TV was damaged.

A replacement cost endorsement on an insurance policy typically means that the insurance company will pay the cost of replacing an item with a new one of similar kind and quality without deduction for depreciation.

The exact amount she will receive depends on her policy's terms and limits, but generally, she would be reimbursed an amount equal to what it would cost to buy a new, similar TV at current market prices.

Roxanne should receive an amount equal to the current market price for a new, similar TV due to her insurance policy's replacement cost endorsement, without any deduction for depreciation.

User Gam
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