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Business, 11.02.2020 19:19 Ayallaric6875

During a strong storm, Missy's grain drill was mangled by a tornado, which rendered it useless. Before the damage, the grain drill was worth $25,000, but it would cost $45,000 to buy a new one today. Missy's farm policy has a replacement cost endorsement, and the grain drill is scheduled on a Mobile Agricultural Machinery and Equipment form with a $36,000 limit. Missy replaces her grain drill with one she found on sale for $40,000. How much total indemnification will she receive?
a. $36,000 b. 2500 c. 150 d. 2000

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During a strong storm, Missy's grain drill was mangled by a tornado, which rendered it useless. Befo...

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