Computing Claims When Carolinas house burned down, she lost household items worth $50,000. Her house was insured

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Computing Claims When Carolina’s house burned down, she lost household items worth $50,000. Her house was insured for $160,000 and her homeowner’s policy provided coverage for personal belongings up to 55% of the insured value of the house. Calculate how much insurance coverage Carolina’s policy provides for her personal possessions and whether she will receive payment for all of the items destroyed in the fire.

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Focus On Personal Finance

ISBN: 9781265521974

7th Edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart

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