Answered step by step
Verified Expert Solution
Question
1 Approved Answer
this is all that is given no tables provided Do the Math 10-2 Sufficient Dwelling Coverage? Colton Gentry of Lancaster, California, has owned his home
this is all that is given no tables provided
Do the Math 10-2 Sufficient Dwelling Coverage? Colton Gentry of Lancaster, California, has owned his home for ten years. When he purchased it for $178,000, Colton bought a $160,000 homeowner's insurance policy. He still owns that policy, even though the replacement cost of the home is now $303,000. a. If Colton suffered a $18.000 fire loss to the home, what percentage of the loss would be covered by his policy? Round your answer to one decimal place. What dollar amount of the loss would be covered by his policy? Enter the amount of the loss as a positive number. Round your answer to the nearest dollar. s b. How much insurance on the home should Colton carry now to be fully reimbursed for a fire loss? Round your answer to the nearest dollar. Do the Math 10-3 Coverage on a One-Vehicle AccidentStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started