How much can he recover from insurance company


Question: Thomas's house is insured for $251000, and he has been paying premiums for the past 10 years. Thomas's home was wiped out in a hurricane. The face value of the policy is $251000, the remaining mortgage is $125000, and the appraised value is $211000. How much can he recover from his insurance company for the loss? Select answer from the options below $125000 $86000 $211000 $251000

 

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Finance Basics: How much can he recover from insurance company
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