Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of $5,425. Her

image text in transcribed

Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of $5,425. Her dwelling, which was destroyed as a result of a lightning strike, was insured with an H0-2 policy for $351,717. Prior to the loss, her home was valued at $366,000, her detached garage and poolhouse were valued at $45,558, and her personal property had an actual cash value of $127,195. To make matters worse she sustained $10,000 in injuries while trying, unsuccessfully, to save her three Greyhound dogs valued at $6,000 each. How much of her total losses and expenses will be reimbursed if she has a $1,000 deductible? The amount of total losses and expenses she will be reimbursed if she has a $1,000 deductible is $ (Round to the nearest dollar.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Handbook Of Post Crisis Financial Modelling

Authors: Emmanuel Haven, Philip Molyneux, John Wilson, Sergei Fedotov, Meryem Duygun

1st Edition

1137494484, 978-1137494481

More Books

Students also viewed these Finance questions

Question

What is the difference between outsourcing and captive sourcing?

Answered: 1 week ago