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 $6,525. Her

Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of $6,525. Her dwelling, which was destroyed as a result of a lightning strike, was insured with an HO-2 policy for $435, 278. Prior to the loss, her home was valued at $480,000 her detached garage and poolhouse were valued at $52,073, and her personal property had an actual cash value of $188,032. 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?

Question- 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 with AI-Powered 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

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Finance questions