CFP Practice Test· Study Mode
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Question 1 / 1540%
 

Q1. A client’s auto insurance policy has a 500deductibleanda500 deductible and a 10,000 limit. The client’s car is totaled, with an actual cash value (ACV) of 9,000andareplacementcostof9,000 and a replacement cost of 12,000. The insurer offers ACV settlement. What amount will the client receive?

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