When Carolinas house burned down, she lost household items worth a total of $50,000. Her house was
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When Carolina’s house burned down, she lost household items worth a total of $50,000. Her house was insured for $160,000, and her homeowner’s policy provided coverage for personal belongings up to 55 percent of the insured value of the house. Calculate how much insurance coverage Carolina’s policy provides for her personal possessions and whether she will receive payment for all of the items destroyed in the fire.
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Focus On Personal Finance
ISBN: 9781265521974
7th Edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
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