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Single choice 2) Greg has an H0-3 policy for his home with Coverage A limits of $300,000, Additional Structures Coverage of $25,000, Contents Coverage of
Single choice 2) Greg has an H0-3 policy for his home with Coverage A limits of $300,000, Additional Structures Coverage of $25,000, Contents Coverage of $100,000 and a $1,000 deductible. The policy carries an 80% coinsurance requirement. One day Greg woke up to find that his master bathroom was flooded due to a pipe that had burst overnight. The water traveled from the bathroom into the master closet and the master bedroom. Several items in the closet as well as a few pieces of bedroom furniture were ruined by the water damage. Greg immediately reports the claim, to which you are assigned. The damages to his master bathroom, closet, and master bedroom came to $18,765. The damaged personal property came to $9,865. How much would you pay for the loss? $24,005.00 O $24,877.00 $27,630.00 O $26,630.00
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