Principles of Risk Management and Insurance 13th Edition by George Rejda,Michael McNamara

تمرين 2

Michelle purchased a Homeowners 3 policy with no special endorsements to cover her home and personal property. A fire occurred and destroyed a big screen television. Michelle paid $4000 for the TV new, and it was 25 percent depreciated when the fire occurred. The replacement cost of a similar television is $3800. Ignoring any deductible, how much will Michelle collect for the loss?