After Stan's porch burnt down, how much would a Standard Fire Policy indemnify him given the following conditions?

In a Standard Fire Policy, the amount of indemnity that an insured party can claim for the loss of their property is typically based on the actual cash value (ACV) of the destroyed property at the time of the loss. Given the context of the question, if Stan's porch is valued at $10,000, that would represent the actual cash value he would receive in the event of a complete loss due to fire damage.

The purpose of a Standard Fire Policy is to provide coverage for specific risks and the limit of coverage is typically set based on the agreed value of the property insured. Therefore, if the porch was insured for a value of $10,000, that would directly align with the coverage provided by the policy, making it the appropriate amount of indemnity Stan would receive after the loss.

Other amounts, such as $4,000, $12,000, or $6,000, do not reflect the coverage or valuation typically associated with a Standard Fire Policy in this scenario. These amounts might not represent the actual cash value of the property or may reflect lower or higher estimations that would not align with the protection offered under the policy terms. Thus, the choice of $10,000 as the amount of indemnity underscores