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Kermit has an unendorsed HO-3 policy. His limit on Coverage A is $50,000. A fire destroys his house. He has to live in a hotel
Kermit has an unendorsed HO-3 policy. His limit on Coverage A is $50,000. A fire destroys his house. He has to live in a hotel for 200 days at $50/night. He also was renting 2 rooms in the house for a total of $1000 per month. The house takes 6 months to rebuild, during which time his renters found another place to live. How much will his insurer pay for this loss under Coverage D, ignoring any deductible? Please show your work.
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