Question
Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of $3,352. Her
Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of $3,352. Her dwelling, which was destroyed as a result of a lightning strike, was insured with an HO-2 policy for $249,913. Prior to the loss, her home was valued at $299,000, her detached garage and poolhouse were valued at $39,224, and her personal property had an actual cash value of $81,107. 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 $ _____
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started