Megan owns an antique table that has a current market value, Ask an Expert

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Megan owns an antique table that has a current market value of $12,000. The table is specifically insured for $12,000 under a valued policy. The table is totally destroyed when a tornado touches down and damages Megan's home. At the time of loss, the table had an estimated market value of $10,000. How much will Megan collect for the loss? Explain your answer.

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