Jerry Carter’s home is currently valued, on a replacement cost basis, at $296,000. When he last checked his policy, his home was insured for $208,297 and he did not have an inflation guard endorsement. If he has a $20,351 claim due to a kitchen fire, how much will his homeowner’s insurance policy pay? How much would be paid if his home were totally destroyed? In order to obtain full replacement coverage, how much insurance should Jerry carry on his house?
If he has a $20,351 claim due to a kitchen fire, his homeowner’s policy would pay$_________?
"Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code "Newclient"
Need assignment help for this question?
If you need assistance with writing your essay, we are ready to help you!
Why Choose Us: Cost-efficiency, Plagiarism free, Money Back Guarantee, On-time Delivery, Total Сonfidentiality, 24/7 Support, 100% originality