Rachel had a fire loss in her condominium unit. As a result of the heat, Rachel's fish tank broke and the two exotic fish worth $5000 died. Rachel has a Condominium Comprehensive Form subject to a deductible of $500. Will the fish be covered under the policy and if so how much would Rachel be entitled to? Yes, Rachel would receive a claim payment of $4,500. Yes, however, Rachel will not receive any payment due to special limits of insurance. No, Rachel will not receive any payment as this loss is an exclusion under Rachel's policy. No, Rachel will not receive any payment as the fish was not a scheduled item on the policy. Geetha lost the diamond from her wedding ring, which was valued at $25,000, at a party. How can she make a claim for the lost diamond? Claim the full cost of the diamond less deductible on her homeowner's policy, as the contents limit is over $200,000. Claim against the host's insurance policy for the full cost of the diamond. Claim for the full cost of the diamond if it is added as a scheduled item on her homeowner's policy. Claim the full amount from the liability portion of her homeowner's policy.
Rachel had a fire loss in her condominium unit. As a result of the heat, Rachel's fish tank broke and the two exotic fish worth $5000 died. Rachel has a Condominium Comprehensive Form subject to a deductible of $500. Will the fish be covered under the policy and if so how much would Rachel be entitled to? Yes, Rachel would receive a claim payment of $4,500. Yes, however, Rachel will not receive any payment due to special limits of insurance. No, Rachel will not receive any payment as this loss is an exclusion under Rachel's policy. No, Rachel will not receive any payment as the fish was not a scheduled item on the policy. Geetha lost the diamond from her wedding ring, which was valued at $25,000, at a party. How can she make a claim for the lost diamond? Claim the full cost of the diamond less deductible on her homeowner's policy, as the contents limit is over $200,000. Claim against the host's insurance policy for the full cost of the diamond. Claim for the full cost of the diamond if it is added as a scheduled item on her homeowner's policy. Claim the full amount from the liability portion of her homeowner's policy.
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