Over the holidays, Gary and Debra Costanza's Christmas tree caught fire, and they sustained significant damage...
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Over the holidays, Gary and Debra Costanza's Christmas tree caught fire, and they sustained significant damage to their home and personal property. They had to clean and repaint their living room and replace the living room carpet and furniture, at a cost of $8,500. While the work was being done, the family stayed in a motel for three days at a total cost of $350. The Costanzas had an actual cash value homeowner's insurance policy with a deductible of $280. The insurance company's adjuster came to the Costanzas' home and looked at the damage. He estimated actual cash values of $800 for the furniture, and $310 for the carpet, which had needed replacing for some time. (a) How much do you estimate that the insurer will pay the Costanzas? tA $ Over the holidays, Gary and Debra Costanza's Christmas tree caught fire, and they sustained significant damage to their home and personal property. They had to clean and repaint their living room and replace the living room carpet and furniture, at a cost of $8,500. While the work was being done, the family stayed in a motel for three days at a total cost of $350. The Costanzas had an actual cash value homeowner's insurance policy with a deductible of $280. The insurance company's adjuster came to the Costanzas' home and looked at the damage. He estimated actual cash values of $800 for the furniture, and $310 for the carpet, which had needed replacing for some time. (a) How much do you estimate that the insurer will pay the Costanzas? tA $
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Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
Posted Date:
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