Question: Question content area top Part 1 Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room

Question content area top

Part 1

Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of $10,124. Her dwelling, which was destroyed as a result of a lightning strike, was insured with an HO-2 policy for $457,093. Prior to the loss, her home was valued at $510,000, her detached garage and poolhouse were valued at $68,431, and her personal property had an actual cash value of $194,175. To make matters worse she sustained $10,000 in injuries while trying without success to save her three Greyhound dogs valued at $6,000 each. How much of her total losses and expenses will be reimbursed if she has a $1,000 deductible?

The amount of total losses and expenses she will be reimbursed if she has a $1,000 deductible is $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!