Business, 14.12.2019 03:31 khalilah2000ortbfy

Tom and cindy jones insured their home and personal property under an unendorsed homeowners 3 policy. the home has a current replacement cost of $300,000. the policy contains the following limits:

coverage a $240,000
coverage b 24,000
coverage c 120,000
coverage d 72,000

the home was badly damaged in a fire, and the family was forced to live in a motel for 60 days while their home was being rebuilt. undamaged personal property was stored in a rental unit during of reconstruction. what dollar amount, if any, is payable under the homeowners 3 policy for the following (ignore any deductible)?

a. three bedrooms were totally destroyed in the fire. the replacement cost of restoring the bedrooms is $80,000. the actual cash value of the loss is $50,000.
b. monthly mortgage of $1500 on their home
c. rental of motel room at $100 per day for 60 days
d. meals eaten in the motel restaurant for 60 days at an average cost of $60 daily (food costs at home $20 daily).
e. rent for storing undamaged furniture in a rental unit while the home is being rebuilt, $200 monthly.

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Tom and cindy jones insured their home and personal property under an unendorsed homeowners 3 policy...

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