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You have a standard HO-3 with one endorsement, replacement cost personal property endorsement. The policy has the following coverages and limits of insurance. Coverage A:

You have a standard HO-3 with one endorsement, replacement cost personal property endorsement. The policy has the following coverages and limits of insurance. Coverage A: $200,000 Coverage B: $20,000 Coverage C: $100,000 Coverage D: $10,000 Coverage E: $500,000 per occurrence Coverage F: $5,000 per person. A fire occurs in the living room, kitchen and dining room of your home. The damage to the walls, ceiling, flooring and cabinetry is replaced at a cost of $50,000. In the fire, you also lost your TV, desktop, living room furniture, dining table, chairs, kitchen appliances, kitchen wares and food. It costs an additional $50,000 to replace all of those belongings. The actual cash value of those belongings is $15,000. How much will your homeowner policy pay (total) on the claim?

  • A. $0
  • B. $50,000
  • C. $65,000
  • D. $100,000

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