Question: A. You are insuring a dwelling with a replacement value of $180,000 It's presently insured for $145,800. The policy contains a 90% coinsurance clause. Recent

A. You are insuring a dwelling with a replacement value of $180,000 It's presently insured for $145,800. The policy contains a 90% coinsurance clause. Recent wind-storm damage totaled $7,000. $1,000 deductible. How much will you recover on the dwelling? 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. It cost $3,200 six years ago, has a depreciated life of eight years, and has a current replacement cost of $2,600. (Note: $1,000 deductible already incurred in part A). How much will you recoveron personal property? Schedule C limits: Jewelry = $1,000, Silverware = $2,500
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
