In which one of the following would Joe be able to collect the entire amount of insurance claimed?
a. Where Joe insures his law partner's life for $500,000 and the amount he actually lost when the partner died was only $100,000. Joe claims $500,000.
b. Where Joe's house suffers $20,000 damage and he only had it insured for $100,000 when the actual value was over $250,000. Joe claims $20,000.
c. Where Joe owns a one half interest in a house valued at $100,000 which is completely destroyed in a fire. The house is insured for that amount and Joe makes a claim for $100,000.
d. Joe insured the club house of a Hell's Angels motorcycle club located in the next block for $75,000 which is valued at about that amount. The clubhouse is subsequently destroyed in a fire. Joe claims $75,000.
e. Joe takes out a life insurance policy on his wife for $500,000 and shortly thereafter during a fight when he was in a drunken rage he struck his wife causing her death. Joe claims $500,000.