Stewart owns a home with a replacement cost of $300,000. He purchased $200,000 of property insurance on the house with a $1,000 deductible for all losses. The house caught on fire and sustained $100,000 worth of damage. The actual cash value (ACV) of the damaged portion of the property was $80,000. How much will Stewart receive as reimbursement for the loss

$82,333

Explanation:

The computation of the amount received as reimbursement for the loss is given below:

Given that

House Replacement= $300,000

80% of replacement cost = 80% of $300,000 = $240,000

Value of insurance = $200,000

Now

Amount of claim = [($200,000 ÷  $240,000) × $100,000] - $1,000 (deductible for all losses)

= $83,333 - $1,000

= $82,333

2,283,000

explanation:

i just had to add it

the answer is true.  i do believe this is the answer because of the amount of wrecks people get into each year.  if you double this with avoiding those so said wrecks, that would make you a "skilled" driver.