Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 03, 2024

29)Your home insurance policy has a $500 deductible and provides cash value coverage on contents. If your home is over 25 years old and a

29)Your home insurance policy has a $500 deductible and provides cash value coverage on contents. If your home is over 25 years old and a small fire causes $6000 damage to it, what amount of the claim would the insurance company pay?

A.

$5500

B.

$500

C.

$6000

D.

None because the home is over 25 years old

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting What the Numbers Mean

Authors: David Marshall, Wayne McManus, Daniel Viele

12th edition

978-1260565492

Students also viewed these Finance questions

Question

Which of Traviss emotional or behavioral problems concern you the most? Why?

Answered: 1 week ago

Question

★★★★★

On January 1, 2012, Hammermeister Inc. had the following stockholders equity account balances. Common Stock , no-par value (500,000 shares issued)....... $1,500,000 Common Stock Dividends...

Answered: 1 week ago

Question

★★★★★

( c ) Summarize the basic objective of monetary policy and explain why monetary policy is easier to conduct than fiscal policy? [ 1 0 marks ]

Answered: 1 week ago

Question

★★★★★

Reconsider the Profit & Gambit Co. advertising-mix problem presented in Section 2.7. Recall that a major advertising campaign is being planned that will focus on three key products: a stain remover,...

Answered: 1 week ago

Question

★★★★★

Cabouy Company manufactures a product with the following standard costs: Direct materials 40 metres @ $2.70 per metre $108 Direct labour 8 hours @ $18.00 per hour $144 Total standard prime cost per...

Answered: 1 week ago

Question

★★★★★

A member tells you that she was recently hospitalized. She received a bill from a collection agency, even though she did not receive a bill from the hospital. She is worried this will affect her...

Answered: 1 week ago

Question

★★★★★

Boeing's recent results highlighted the case for the stock but perhaps not in the way many investors might think. In truth, they were mixed. However, Boeing's management has conservatively guided...

Answered: 1 week ago

Question

★★★★★

Two dietary drinks are used to supply protein, carbohydrates, and vitamin C. The first drink provides 2 units of protein, 5 units of carbohydrates, and 7 units of vitamin C in each liter. The second...

Answered: 1 week ago

Question

★★★★★

5. [9 points] (Mixture Distributions) Consider two continuous random variables Y and Z, and a random variable X that is equal to Y with probability p and Z with probability 1 - p. (One way to think...

Answered: 1 week ago

Question

★★★★★

Briefly explain how (1) super refraction, (2) subrefraction and (3) ducts could affect the range of a communication link in V/UHF between a ground station and a flying UAV.

Answered: 1 week ago

Previous Question Next Question