Suppose a policy provides like-kind replacement cost coverage for the dwelling and that $80,000 of coverage is purchased. How much will the insurer pay under each of the following scenarios (ignoring any deductible):
Loss Replacement Cost for the Dwelling at time of loss
$20,000 $100,000
$80,000 $100,000
$20,000 $130,000
$80,000 $130,000