Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help please Homework: 5-3 MyFinanceLab: Assignment: Module Five Homework C20 Save Score: 0 of 1 pt 6 of 6 (6 complete) Hw Score: 50%, 3

Help please

image text in transcribed

Homework: 5-3 MyFinanceLab: Assignment: Module Five Homework C20 Save Score: 0 of 1 pt 6 of 6 (6 complete) Hw Score: 50%, 3 of 6 pts Problem P10-6 (similar to) Question Help Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of $4,715. Her dwelling, which was destroyed as a result of a lightning strike, was insured with an HO-2 policy for $311,210. Prior to the loss, her home was valued at $337,000, her detached garage and poolhouse were valued at $48,341, and her personal property had an actual cash value of $124,267. 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 The amount of total losses and expenses she will be reimbursed if she has a $1,000 deductible is (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check

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

Essentials Of Investments

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

6th Edition

0073226386, 978-0073226385

More Books

Students also viewed these Finance questions

Question

What is the work environment like? Friendly/collegial?

Answered: 1 week ago