If property under a Personal Floater risk is insured at a $5,000 valued basis, how much would the insured receive if the item is a total loss, the actual cash value is $4,000, and an auction is selling the same item for $3,500?

a. $3,500

b. $4,000

c. $4,000 less the deductible

d. $5,000

Answer: d. $5,000

Miscellaneous Personal Lines Coverage

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