Page 6 - MPRC Collateral (8.5 × 11 in)
P. 6
Look at the Numbers
Your property
replacement cost
value =
$1,000,000.00
MPRC
Insurance Actual repair costs used to prove PAs &
Company loss at $1,000,000.00 (RCV) Lawyers
The Insurance cpmpany will Appraisal Fee (if required) Use best guess estimates which
decrease scope and will take longer to argue in
30 hours
coverages to reduce the Appraisal and in the courts. Also
settlement amount. This @ $300= risk not getting full amount of
means that your home $9,000 RCV.
cannot be fully repaired in a Amount left to repair 30% of RCV=
quality manner. your property= $300,000
$1,000,000- Amount left to repair your
$9,000= property=
Settlement
$991,000 $1,000,000-
Award =
$300,000=
$500,000.00
$700,000
You get You get
$500,000 to $700,000 to
repair your repair your
property property
