Final answer:
In the event that a home is destroyed, the homeowner will receive the insured value of $210,000, which is the amount specified in the insurance policy.
Step-by-step explanation:
If a homeowner's house is destroyed, they will typically receive the insured value of the property from the insurance company. In the case presented, the home has an insured value of $210,000. Therefore, should the home be destroyed, the homeowner will receive $210,000 regardless of the market or appraised values.
The market value of a home is the amount a buyer is willing to pay on the open market, while the appraised value is an expert's opinion of the value of the home and is often used for lending purposes. However, when it comes to insurance claims, it's the insured value stated in the insurance policy that is the amount the insurance company will pay out in the event of a total loss, such as when a home is destroyed.