David has a Homeowners 3 policy that provides $280,000 of insurance on his dwelling,which has a current replacement value of $400,000.Ignoring any deductible,how much will David collect if a kitchen with a replacement value of $24,000 but an actual cash value of $18,000 is destroyed in a fire?
A)$18,000
B)$20,000
C)$21,000
D)$24,000

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The Answer of David has a Homeowners 3 policy that provides $280,000 of insurance on his dwelling,which has a current replacement value of $400,000.Ignoring any deductible,how much will David collect if a kitchen with a replacement value of $24,000 but an actual cash value of $18,000 is destroyed in a fire?
A)$18,000
B)$20,000
C)$21,000
D)$24,000

David Has a Homeowners 3 Policy That Provides $280,000 of Insurance