If Marcell has a $250,000 home and two $200,000 fire insurance policies,how much can he collect in total from both policies following a $100,000 loss?
A)$100,000
B)$200,000
C)$250,000
D)none of the above

Question

Quizplus · Accepted Answer

Insurance policies typically cover the actual loss up to the policy limit. Since Marcell's loss is $100,000, he can collect a total of $100,000 from the insurance policies, regardless of having multiple policies.

If Marcell Has a $250,000 Home and Two $200,000 Fire