Question
Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of $3,376. Herdwelling,
Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of
$3,376.
Herdwelling, which was destroyed as a result of a lightningstrike, was insured with anHO-2 policy for
$283,315.
Prior to theloss, her home was valued at
$318,000,
her detached garage and poolhouse were valued at
$35,234,
and her personal property had an actual cash value of
$124,151.
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?
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Part 1
The amount of total losses and expenses she will be reimbursed if she has a$1,000 deductible is
$360182360182.
(Round to the nearestdollar.)
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