Carl's home sustains $50,000 damage in an electrical fire. The home is insured under a Homeowners policy for $75,000. At the time of the loss, the home's replacement cost is $125,000. How much will Carl's Homeowners policy pay for this loss?
A) $50,000
B) $60,000
C) $93,750
D) $37,500
Ans: D) $37,500
Business
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