Clarification on question in Lesson 4.2f

Clarification on question in Lesson 4.2f

by Deleted user -
Number of replies: 1

There is a question relating to destroyed furniture due to fire at the insured's vacation home. The published answer to the amount payable is $4,500, based on furniture's ACV of $5,000 less a $500 deductible. Shouldn't the coverage limits apply? Will someone please clarify? Coverage C is $35,000, per conditions of the question.

In reply to Deleted user

Re: Clarification on question in Lesson 4.2f

by Jan Bradburn- -

Jay,    You have not supplied enough information to answer your question.  Is this a DP policy or an HO policy?  Which coverage limits do you feel do not apply in this case?