When lightning strikes Brittany’s home during a storm, the resulting fire completely consumes the structure before firefighters manage to put it out. Brittany is fully insured by a DP-3 policy with a limit of $245,000, every bit of which is needed to rebuild her home. In addition, she receives a bill from the fire department for $650. How much is Brittany likely to receive from her insurer in response to her claim?

Insurance

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When lightning strikes Brittany’s home during a storm, the resulting fire completely consumes the structure before firefighters manage to put it out. Brittany is fully insured by a DP-3 policy with a limit of $245,000, every bit of which is needed to rebuild her home. In addition, she receives a bill from the fire department for $650. How much is Brittany likely to receive from her insurer in response to her claim?

Answer: 245,500

You should now have gotten the answer to your question “When lightning strikes Brittany’s home during a storm, the resulting fire completely consumes the structure before firefighters manage to put it out. Brittany is fully insured by a DP-3 policy with a limit of $245,000, every bit of which is needed to rebuild her home. In addition, she receives a bill from the fire department for $650. How much is Brittany likely to receive from her insurer in response to her claim?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.