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How much insurance should jerry carry

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Reference no: EM132204079

Jerry? Carter's home is currently? valued, on a replacement cost? basis, at ?$296,000. When he last checked his? policy, his home was insured for ?$208,297 and he did not have an inflation guard endorsement. If he has a ?$20,351 claim due to a kitchen? fire, how much will his? homeowner's insurance policy? pay? How much would be paid if his home were totally? destroyed? In order to obtain full replacement? coverage, how much insurance should Jerry carry on his? house?

If he has a ?$20,351 claim due to a kitchen? fire, his? homeowner's policy would pay$_________?

Reference no: EM132204079

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