How Much Coverage Would Be Provided Under a Standard Homeowner's

question 102

Essay

How much coverage would be provided under a standard homeowner's policy if during an unusually heavy rain the basement becomes full of water and an antique dresser from the 1860s was destroyed? The dresser was originally purchased for $1,300 10 years ago,was recently appraised for $2,600,and you recently received an offer from an antique collector for $3,100.How much would be received from your insurance company to cover this loss?
(a)Zero
(b)$1,300
(c)$2,600
(d)$3,100

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