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The Browns current insurance data: Home . Single-family dwelling Insured value: $245,000 Replacement value: $315,000 Deductible: $500 Personal property: 50 percent of dwelling Bodily injury:
The Browns current insurance data:
Home. Single-family dwelling
Insured value: $245,000
Replacement value: $315,000
Deductible: $500
Personal property: 50 percent of dwelling
Bodily injury: $100,000
Personal injury: $0
Other endorsements: None
Umbrella: None
Professional liability: None
Business: None
If the Browns suffer a $47,000 homeowners loss due to fire, how much will the insurance company pay on the claim, accounting for any deductible and co-pay provisions?
- $45,193
- $45,693
- $46,500
- $47,000
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