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OpenStudy (anonymous):
Lalita bought a homeowner's insurance policy when she purchased her new home. She pays an annual $850 premium for property coverage of $400,000 and liability coverage of $300,000. Her deductible is $1,450. A windstorm causes $71,500 in damages to her home and property. If the claim is approved, how much will Lalita’s insurance company pay for the damages?
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