Carmen Viers lost everything to a fire and has spent the last eight weeks living
ID: 2794205 • Letter: C
Question
Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of $6,525. Her dwelling, which was destroyed as a result of a lightning strike, was insured with an HO-2 policy for $435, 278. Prior to the loss, her home was valued at $480,000 her detached garage and poolhouse were valued at $52,073, and her personal property had an actual cash value of $188,032. To make matters worse she sustained $10,000 in injuries while trying, unsuccessfully, 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- The amount of total losses and expenses she will be reimbursed if she has a $1,000 deductible is ?$ (Round to the nearest dollar.)
Explanation / Answer
Total Amount of Losses and Expenses
Note : Three Greyhound Dog Value Neithe consider Losses nor expenses .
Particulars Amount in $ Amount in $ Expenses Living motel Room Cost 6,525 Injury on Unsuccessfully save three Greyhound Dogs 10,000 Less : Reimbrsed -1000 Total Expenses (A) 15,525 Losses Home Destro Value on Fire 480,000 Less : Insurance Claim 435,278 44,722 Garage and Poolhouse 52,073 Personal Property 188,032 Total Losses (B) 284,827 Total Expenses and Losses (A+B) 300,352