Business, 07.04.2020 20:07 dontcareanyonemo

Sufficient Dwelling Coverage? Colton Gentry of Lancaster, California, has owned his home for ten years. When he purchased it for $178,000, Colton bought a $160,000 homeowner's insurance policy. He still owns that policy, even though the replacement cost of the home is now $300,000.a. If Colton suffered a $15,000 fire loss to the home, what percentage of the loss would be covered by his policy? Round your answer to one decimal place 89.9 What dollar amount of the loss would be covered by his policy? Enter the amount of the loss as a positive number. Round your answer to the nearest dollar. $13485 b. How much insurance on the home should Colton carry now to be fully reimbursed for a fire loss? Round your answer to the nearest dollar. $125000 Hide Feedback Incorrect Check My Work (No more tries available)

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Sufficient Dwelling Coverage? Colton Gentry of Lancaster, California, has owned his home for ten yea...

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