Jerry has a $125,000 DP-2 policy on a house he's currently renting to Stephanie for $1,700...
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Jerry has a $125,000 DP-2 policy on a house he's currently renting to Stephanie for $1,700 a month. Jerry pays $200 in utilities each month out of the $1,700 he receives from Stephanie. One winter day, a heavy snowfall causes part of Jerry's roof to cave in, causing $12,000 in damage to the dwelling. During the two months it takes to repair the damage, Jerry suspends utility services to the house and Stephanie goes to stay with her sister. How much can Jerry receive under Coverage D-Loss of Use? A. $3,000 B. $12,000 C. $3,400 D. $8,600 Jerry has a $125,000 DP-2 policy on a house he's currently renting to Stephanie for $1,700 a month. Jerry pays $200 in utilities each month out of the $1,700 he receives from Stephanie. One winter day, a heavy snowfall causes part of Jerry's roof to cave in, causing $12,000 in damage to the dwelling. During the two months it takes to repair the damage, Jerry suspends utility services to the house and Stephanie goes to stay with her sister. How much can Jerry receive under Coverage D-Loss of Use? A. $3,000 B. $12,000 C. $3,400 D. $8,600
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Answer A 3000 Additional living expenses ALE insurance or Coverage D pay for the additional costs yo... View the full answer
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