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When Carolinas house burned down, she lost household items worth a total of $77,000. Her house was insured for $200,000 and her homeowners policy provided
When Carolinas house burned down, she lost household items worth a total of $77,000. Her house was insured for $200,000 and her homeowners policy provided coverage for personal belongings up to 55 percent of the insured value of the house.
(a) Calculate how much insurance coverage Carolinas policy provides for her personal possessions.
Amount of insurance coverage ( )
(b) | Will Carolina be reimbursed in full for her household items? | ||||
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