Question: Jerry Carter's home is currently valued, on a replacement cost basis, at $239,900. When he last checked his policy, his home was insured for $168,996,

Jerry Carter's home is currently valued, on a replacement cost basis, at $239,900. When he last checked his policy, his home was insured for $168,996, and he did not have an inflation guard endorsment.If he has a 16,115 claim due to a kitchen fire, how much will his homeowner's insurance policy pay? How much will he be paid if his home is totally destroyed? In order to obtain full replace ment coverage, how much insurance should Jerry carry on his house?

If he has a 16,115 claim due to a kitchen fire, how much will his homeowner's insurance policy pay?_____Round to the nearest dollar

How much will he be paid if his home is totally destroyed? In order to obtain full replace ment coverage, how much insurance should Jerry carry on his house?_____

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