Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of $4 comma 7414,741. Her dwelling, which was destroyed as a result of a lightning strike, was insured with an HO-2 policy for $208 comma 336208,336. Prior to the loss, her home was valued at $255 comma 000255,000, her detached garage and poolhouse were valued at $29 comma 48629,486, and her personal property had an actual cash value of $85 comma 12185,121. 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? Question content area bottom Part 1 The amount of total losses and expenses she will be reimbursed if she has a $1,000 deductible is
Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of $4 comma 7414,741. Her dwelling, which was destroyed as a result of a lightning strike, was insured with an HO-2 policy for $208 comma 336208,336. Prior to the loss, her home was valued at $255 comma 000255,000, her detached garage and poolhouse were valued at $29 comma 48629,486, and her personal property had an actual cash value of $85 comma 12185,121. 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? Question content area bottom Part 1 The amount of total losses and expenses she will be reimbursed if she has a $1,000 deductible is
Chapter7: Losses—deductions And Limitations
Section: Chapter Questions
Problem 48P
Related questions
Question
Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of
$4 comma 7414,741.
Her dwelling, which was destroyed as a result of a lightning strike, was insured with an HO-2 policy for
$208 comma 336208,336.
Prior to the loss, her home was valued at
$255 comma 000255,000,
her detached garage and poolhouse were valued at
$29 comma 48629,486,
and her personal property had an actual cash value of
$85 comma 12185,121.
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?Question content area bottom
Part 1
The amount of total losses and expenses she will be reimbursed if she has a $1,000 deductible is
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