Dana Garcia has a renter's policy with a maximum limit for personal property of $30,000.When her apartment suffered fire damage,$15,000 of her personal property was destroyed.The insurance would pay no more than ____ in this case.
A)$30,000
B)$20,000
C)$15,000
D)$5,000

Question

Quizplus · Accepted Answer

The insurance would pay up to the limit of the actual loss, which is $15,000, as long as it does not exceed the maximum limit of the policy, which is $30,000.

Dana Garcia Has a Renter's Policy with a Maximum Limit