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Jared and Laura have renter's insurance with a $500 deductible and a $20,000 coverage limit. Unfortunately, a fire destroys their apartment, requiring them to stay
Jared and Laura have renter's insurance with a $500 deductible and a $20,000 coverage limit. Unfortunately, a fire destroys their apartment, requiring them to stay in a hotel for $100 a night for 10 nights. In addition, they lost $7,000 worth of property. How much will their renter's insurance pay? Select answer from the options below $6,500. $7,500. $7,000. $8,000
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