Keith and Nancy Diem have personal property coverage with a $250 limit on currency, a...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Keith and Nancy Diem have personal property coverage with a $250 limit on currency, a $1,000 limit on jewelry, and a $2,500 limit on gold, silver, and pewter. They do not have a personal property floater. If $500 cash, $2,400 of jewelry, and $1,500 of pewterware were stolen from their home, what amount of loss would be covered by their homeowner's policy? If the Diems' deductible is $250, how much will they receive on their claim? The amount of loss covered by the Diems' homeowner's policy is
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!