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When Carolinas house burned down, she lost household items worth a total of $139,000. Her house was insured for $210,000 and her homeowners policy provided
When Carolinas house burned down, she lost household items worth a total of $139,000. Her house was insured for $210,000 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. |
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(b) | Will Carolina be reimbursed in full for her household items? |
No or Yes ? |
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