The Allens' home was recently damaged by fire causing $48,000 in required repairs. Michael mentioned to you at your last meeting that their current homeowners insurance policy insured the home for $150,000. How much will the insurance company reimburse the Allens for these damages?

Answer rating: 100% (QA)

The detailed answer for the above question is provided below the Allens will likely be reimbursed 48... View the full answer