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The Smiths purchased an unendorsed DP-3 policy on their home. It has a $100,000 limit on the dwelling and $25,000 limit on personal property. While
The Smiths purchased an unendorsed DP-3 policy on their home. It has a $100,000 limit on the dwelling and $25,000 limit on personal property. While they were on vacation thieves broke into their home and stole TVs and other personal property for a total of $5,000. The damage to the front door was $1,000. Disregarding any deductible that may apply, what amount will the Smiths receive from their insurer for this loss? A. $0 B. $1,000 C. $5,000 D. $6,000
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Financial And Managerial Accounting
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
16th Edition
0357714040, 9780357714041
