Solved

If You Own a House Worth $160,000 That Is Insured

Question 18

Multiple Choice

If you own a house worth $160,000 that is insured for $80,000 and you have a fire that causes $40,000 in damage, how much will your insurance pay for your claim?


A) $40,000
B) $32,000
C) $20,000
D) Nothing

Correct Answer:

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