A house with a replacement value of $110,000 is currently insured for $90,000.The house has suffered a $15,000 loss from windstorm damage.The insurance company will pay the full $15,000 less the deductible.

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The insurance company will pay the full $15,000 less the deductible, which means the homeowner will receive a payout of $15,000 minus their deductible amount. The replacement value and current insurance amount are not directly relevant to how much the homeowner will receive for the loss.

A House with a Replacement Value of $110,000 Is Currently