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Accounting

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Uncle Joey is showing Stephanie Tanner his new car. He has to run an errand, and Stephanie climbs into the driver's seat. She accidentally turns the key on and backs the car through her own house, causing damage to the house ($25,000RC, $20,000ACV) and damage to personal property inside the house ($5,000RC,$2,500ACV). How much will Stephanie's father's insurance company pay for this loss, if he has an unendorsed HO-3 policy? Ignore the effect of any deductible, and please explain how you arrived at your answer. Edit View Insert Format Tools Table 12pt Paragraph Uncle Joey is showing Stephanie Tanner his new car. He has to run an errand, and Stephanie climbs into the driver's seat. She accidentally turns the key on and backs the car through her own house, causing damage to the house ($25,000RC, $20,000ACV) and damage to personal property inside the house ($5,000RC,$2,500ACV). How much will Stephanie's father's insurance company pay for this loss, if he has an unendorsed HO-3 policy? Ignore the effect of any deductible, and please explain how you arrived at your answer. Edit View Insert Format Tools Table 12pt Paragraph

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