Multiple Choice
Darla purchased an unendorsed Homeowners 3 policy.While the policy was in force,a fire occurred that destroyed a living room set.The living room set cost $4,000 new,but was 25 percent depreciated when the loss occurred.Replacement furniture will cost $4,400.Assuming no deductible,how much will Darla receive from her insurer?
A) $3,000
B) $3,300
C) $3,400
D) $4,400
Correct Answer:
Verified
Correct Answer:
Verified
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