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Lori's property was damaged in a recent flood. The damages to her home and detached garage came to $80,000 and $15,000, respectively. Lori has a Dwelling Form flood policy with $100,000 limit. How much indemnification can Lori expect to receive for the damage to her garage?

User Konza
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Final answer:

Lori should receive full compensation for her garage damage, amounting to $15,000, as it is within the $100,000 limit of her Dwelling Form flood policy and the total damage does not exceed this policy limit.

Step-by-step explanation:

Lori can expect to receive indemnification for the damage to her garage up to the policy limit set by her Dwelling Form flood policy. Given the policy has a $100,000 limit, and the total damages to her home and garage amount to $95,000 ($80,000 + $15,000),

Lori should be able to receive full compensation for the garage damage, which is $15,000, as the total damage does not exceed her policy limit. This scenario assumes that her insurance coverage is comprehensive and does not have specific sub-limits or deductibles that would limit payment for the garage specifically.

User David Perfors
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