81.6k views
4 votes
Rowena has a $150,000 basic homeowner's insurance policy with a $1,000 deductible on her house. Since she purchases no additional riders for jewelry, flooding, etc., her premium payment is $100 per month. If a family heirloom ring worth $100,000 is stolen from the home, how much is the insurance company obligated to pay for this claim?

User Zdebruine
by
8.0k points

2 Answers

7 votes

the insurance company is obligated to pay $1,000 for this claim.

User Nathan
by
8.6k points
1 vote

It is $0, because Rowena has no riders for jewelry (her jewelry is not covered).

User Derekerdmann
by
8.0k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.