Arya has a homeowner’s policy that covers up to $400,000. Her house is completely destroyed in a fire. When an assessment is made of the house and possessions, it is decided that her losses are only worth about $350,000. How much money will Arya receive from her insurer (assuming there is no deductible)?
a. $50,000
b. $200,000
c. $350,000
d. $400,000
Answers: 3
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Arya has a homeowner’s policy that covers up to $400,000. Her house is completely destroyed in a fir...
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