Solved

If You Own a House Worth $160,000 That Is Insured

Question 11

Multiple Choice

If you own a house worth $160,000 that is insured for $80,000 and you have a fire that causes $40,000 in damage, how much will your insurance pay for your claim?


A) $40,000
B) $32,000
C) $20,000
D) Nothing

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents