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Reply #69: Her policy said she was entitled to 80 grand.
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Raineyb
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Mon Oct-12-09 12:08 PM
Response to Reply #65 |
69. Her policy said she was entitled to 80 grand. |
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It's entirely possible that at one time 80 grand was replacement value. That it isn't now is due to inflation. That she didn't update her policy doesn't change the fact that her insurance paid out 80 grand which she used to pay off the mortgage. She owns the lot, she can get a mortgage and another house.
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