The Thomson's house burned to the ground! They felt they were adequately covered (see coverage below) .Their car (market value $10,000) was in the garage and totally destroyed.How much will they be reimbursed for their auto from their HO-3 policy? 
How much will the Thompsons be reimbursed for their home?
A) $80,000
B) $79,700
C) $63,700
D) $60,000
E) $59,700
Correct Answer:
Verified
Q87: The deductible on a standard homeowners' policy
Q91: A homeowner's policy does not provide protection
Q93: Homeowner's property insurance does not provide protection
Q100: Section I of the homeowner's insurance policy
Q101: Your homeowners' policy typically covers _ while
Q102: Homeowners' insurance premiums are determined by
A) policy
Q104: The Thomson's house burned to the ground!
Q109: Which of the following events would probably
Q114: Liability coverage provides payment to the
A) insured
Q119: For an extra premium,the HO-3 homeowners policy
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents