The thomsons house burned to the ground they felt they were, Ask an Expert

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The Thomson's house burned to the ground! They felt they were adequately covered (see coverage below). An antique car (recently purchased for $10,000) was in the garage and totally destroyed. How much will they be reimbursed for their auto from their homeowner's policy?

Replacement value of house:$120,000

Actual cash value coverage on home: $120,000

Deductible : $1,000

a. $9,750

b. $10,000

c. $0

d. $9,000

e. $9,500

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9879902

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