What are the possible property insurance coverage for the below scenario? DOL (Date of Loss), April 1,

What are the possible property insurance coverage for the below scenario? 

Transcribed Image Text:

DOL (Date of Loss), April 1, 2022. Total Loss by Fire. 9 Months to rebuild. House Contents List Provided by Bob Smith: 3 laptops @ $1,000 each, Cash $10,000 (in the mattress), Coin collection $1,000 (in coin collection books) Comic book collection (73 comics) $10,000 total (3 comics worth $1,000 each, all other under $100 per comic - 70 comics) Business property - desk, computer, chair, lamp, printer, filing cabinets $20,000. Ex-Wife Wedding ring $15,000 Expensive Omega watch (gift from his ex-wife) - $10,000 Car parts $1,000 Tshirts, jeans and overalls, $3,000 Couch, Chair and Coffee tables $10,000 Dinning Room Table and Chairs $10,000 3 bedrooms of furniture $30,000 His daughters stuff - she is 16 years old. (headboard, frame, bed, dresser, record player, phone, and clothes). $10,000. The live-in house keeper (she was the daughters nanny and lives in the house) - $25,000 DOL (Date of Loss), April 1, 2022. Total Loss by Fire. 9 Months to rebuild. House Contents List Provided by Bob Smith: 3 laptops @ $1,000 each, Cash $10,000 (in the mattress), Coin collection $1,000 (in coin collection books) Comic book collection (73 comics) $10,000 total (3 comics worth $1,000 each, all other under $100 per comic - 70 comics) Business property - desk, computer, chair, lamp, printer, filing cabinets $20,000. Ex-Wife Wedding ring $15,000 Expensive Omega watch (gift from his ex-wife) - $10,000 Car parts $1,000 Tshirts, jeans and overalls, $3,000 Couch, Chair and Coffee tables $10,000 Dinning Room Table and Chairs $10,000 3 bedrooms of furniture $30,000 His daughters stuff - she is 16 years old. (headboard, frame, bed, dresser, record player, phone, and clothes). $10,000. The live-in house keeper (she was the daughters nanny and lives in the house) - $25,000

Answer rating: 100% (QA)

Based on the provided scenario the possible property insurance coverage for Bob Smiths loss due to t... View the full answer