When Carolina’s house burned down, she lost household items worth a total of $139,000. Her house was insured for $210,000 and her homeowner’s policy provided coverage for personal belongings up to 55 percent of the insured value of the house.
(a) Calculate how much insurance coverage Carolina’s policy provides for her personal possessions. Amount of insurance coverage $ (b) Will Carolina be reimbursed in full for her household items? No Yes