Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your insured owns two rural properties. He/she rents one out as a summer residence for ( $ 1,750 ) per month. A severe windstorm in

Your insured owns two rural properties. He/she rents one out as a summer residence for ( $ 1,750 ) per month. A severe windstorm in May renders this dwelling a total lous, ( i ) will tan months to rebuild. The insured's policy covers the building for ( $ 90,000 ), subject to ( $ 200 ) deductible. How much would the insured collect under the Rental Value section of ehas Secondary Residence Fire and Extended Coverage on this property in addition to the claim for destruction of the building?
image text in transcribed
Your insured owns two rural properties. He/she rents one out as a summer residence for $1,750 per month. A severe windstorm in May renders this dwelling a total lous, i will tan months to rebuild. The insured's policy covers the building for $90,000, subject to $200 deductible. How much would the insured collect under the Rental Value section of ehas Secondary Residence Fire and Extended Coverage on this property in addition to the claim for destruction of the building

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Technical Analysis Of Stock Trends

Authors: Robert D. Edwards, John Magee

6th Edition

1599180219, 978-0139043437

More Books

Students also viewed these Finance questions