Alexia purchased a Homeowners 3 policy with no special endorsements to cover her home and...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Alexia purchased a Homeowners 3 policy with no special endorsements to cover her home and personal property. A fire occurred and destroyed a big-screen television. Michelle paid $4,664 for the new TV, and it was 33 percent depreciated when the fire occurred. The replacement cost of a similar television is $4,076. Ignoring any deductible, how much will Alexia collect for the loss?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
