Question: Carmen Viers lost everything to a fire and has spent the last 8 weeks living in a motel room at a cost of $4,500. Her

Carmen Viers lost everything to a fire and has spent the last 8 weeks living in a motel room at a cost of $4,500. Her dwelling, which was destroyed as a result of a lighting strike, was insured with an HO-2 policy for $280,000. Prior to the loss, her home was valued at $300,000, her detached garage and pool house were valued at $38,000, and her personal property had an actual cash value of $91,000. To make matters worse, she sustained $10,000 in injuries while trying, unsuccessfully, to save her three Greyhound dogs valued at $6,000 each. How much of her total losses and expenses will be reimbursed if she has a $1,000 deductible?

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Reimbursement for Carmens house equals 300000 280000 300000 080 or 350000 based on the home value at ... View full answer

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