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 $5,528.

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 $5,528. Her dwelling, which was destroyed as a result of a lightning strike, was insured with an HO-2 policy for $319,048. Prior to the loss, her home was valued at $330,000, her detached garage and poolhouse were valued at $44,672, and her personal property had an actual cash value of $140,326. To make matters worse she sustained $10,000 in injuries while trying without success 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

Step: 3

blur-text-image

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

Personal Finance An Integrated Planning Approach

Authors: Ralph R Frasca

8th edition

136063039, 978-0136063032

More Books

Students also viewed these Finance questions

Question

LO 25-1 What biological and social factors underlie hunger?

Answered: 1 week ago