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Last year, Paul and Joanna Stillman bought a home with a dwelling replacement value of $200,000...

Last year, Paul and Joanna Stillman bought a home with a dwelling replacement value of $200,000 and insured it (via an HO-5 policy) for $176,000. The policy reimburses for actual cash value and has a $500 deductible, standard limits for coverage C items, and no scheduled property. Recently, burglars broke into the house and stole a 3-year-old television set with a current replacement value of $700 and an estimated useful life of 9 years. They also took jewelry valued at $2,400 and silver flatware valued at $3,200.?

Assuming a 50% coverage C limit, calculate how much the Stillmans would receive if they filed a claim for the stolen items?

Round the answer to two decimal places.? $________

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ekkarill92 answered 1 year ago
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