Question: A. You are insuring a dwelling with a replacement value of $180,000. It's presently insuredfor $145,800. The policy containsa 90% coinsurance clause. Recent wind-stormdamage totaled

A. You are insuring a dwelling with a replacement value of $180,000. It's presently insuredfor $145,800. The policy containsa 90% coinsurance clause. Recent wind-stormdamage totaled $7,000. $1,000 deductible. How much will you recoveron the dwdlling? B. As a result of the damage, including broken windows, thieves apparently made offwith silverware valued at $2,200 and jewelry worth $600. A home entertainment system was ruined by water damage. Itcost$3,200 six years ago, hasa depreciated life of eight years, and has a current replacement cost of $2,600. (Note: $1,000 deductible already incurmedin partA). How much will you recoveron personal property? Schedule C limits: J ewelry= $1,000, Silverware; S2.500
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
