Business, 23.04.2021 01:00, tartcandi303

John and Vicky purchased a $200,000 homeowners policy for their house in 1988. They have renewed the policy each year since, but have not updated their coverage. This policy has a $1,000 deductible. Their home now has a replacement value of $275,000. Last week they came home to find a small fire which caused the following damages: home$50,000 personal property$20,000 landscaping$ 7,000How much will the insurance company pay for the $50,000 loss to their home

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John and Vicky purchased a $200,000 homeowners policy for their house in 1988. They have renewed the...