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Martin and Carrie Jones insured their home and personal property under an unendorsed Homeowners 3 policy. The home has a current replacement cost of $
Martin and Carrie Jones insured their home and personal property under an unendorsed Homeowners policy. The home has a current replacement cost of $ The policy contains the following limits:
Coverage A: $
Coverage B: $
Coverage C: $
Coverage D: $
The home was badly damaged in a fire, and the Jones family was forced to live in a motel for days while their home was being repaired. Undamaged personal property was stored in a rental unit during the period of reconstruction. What dollar amount, if any, is payable under their Homeowners policy for the following ignore any deductible
a Three bedrooms were totally destroyed in the fire. The replacement cost of restoring the bedrooms is $ The actual cash value of the loss is $
b Monthly mortgage payment of $ on their home.
c Rental of motel room at $ daily for days.
d Meals eaten in the motel restaurant for days at an average cost of $ daily food costs at home average $ daily
e Rent for storing undamaged furniture in a rental unit while the home is being rebuilt, $ monthly.
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