When Carolinas house burned down, she lost household items worth a total of $25,000. Her house was

Question:

When Carolina’s house burned down, she lost household items worth a total of $25,000. Her house was insured for

$80,000 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. (Obj. 2)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Focus On Personal Finance

ISBN: 9780073382425

3rd Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

Question Posted: