Suppose That Early This Year You Buy a Home Valued

question 15

Multiple Choice

Suppose that early this year you buy a home valued at $180,000 and purchase $200,000 worth of fire insurance on it.According to the principle of indemnity,what amount of money would the insurer pay you if the home were totally destroyed by fire?

• A) $90,000
• B) $100,000
• C) $180,000
• D) $200,000

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