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Sarah Avolio had a fire in her home. Her house is currently valued at $300,000 and the insurance, which hasnt been updated since she bought
Sarah Avolio had a fire in her home. Her house is currently valued at $300,000 and the insurance, which hasnt been updated since she bought the house 20 years ago, is still at $150,000. The insurance company uses the co-insurance rule. The fire caused $22,000 in damage. If she has a $750 deductible, how much will the insurance company pay for the damage? a. $13,000 b. $10,250 c. $13,750 d. $21,250 e. $11,000
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