Amanda owns a home with a $400,000 replacement value. this january, a snowstorm causes $75,000 in damages to the home. amanda has an insurance policy with 80% coinsurance and a $1,000 deductible. how much will the insurer pay if amanda carries $300,000 of coverage?

Insurer will pay to Amanda $69312.50

Explanation:

As we know that Amanda home replacement value which means the (Property value) is $400,000 and Amanda carries a coverage of amount $300,000 which is her policy limit. Her policy has 80% of coinsurance and snow storm causes a damage of amount $75,000. She has the $1,000 deductible in her policy.

80% of the 400,000 = 320,000

Amanda should have $320,000 but carries the insurance coverage $300,000

So she will get 300,000/320,000= 0.9375

In this scenario as the damage amount is $75,000 she will get $75,000 x 0.9375 which is equal to $70,312.50

Since the deductible amount of her policy is $ 1000 Which will therefore be deducted

Hence   $70312.50 - $1000 = $69312.50

Amanda will get $69312.50

the specific actions take by the fed. what the fed was attempting to do by taking these actions. the result of the actions taken by the fed