During an unusually heavy rain,the basement of your house flooded and an antique dresser from the 1860s was destroyed.The dresser was originally purchased for $1,300 10 years ago and was recently appraised for $2,600; you recently received an offer from an antique collector for $3,100.Under a standard homeowner's policy,how much would you receive from your insurance company to cover this loss?

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The Answer of During an unusually heavy rain,the basement of your house flooded and an antique dresser from the 1860s was destroyed.The dresser was originally purchased for $1,300 10 years ago and was recently appraised for $2,600; you recently received an offer from an antique collector for $3,100.Under a standard homeowner's policy,how much would you receive from your insurance company to cover this loss?

During an Unusually Heavy Rain,the Basement of Your House Flooded