Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 12, 2024

#5 You have a $300,000 home that is insured for $225,000. There is an 85% coinsurance provision. If you file a claim of $45,000 (due

You have a $300,000 home that is insured for $225,000. There is an 85% coinsurance provision. If you file a claim of $45,000 (due to wind damage to your roof), how much will the insurance company pay? YOU MUST SHOW ALL WORK FOR FULL CREDIT.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Private Equity Mathematics

Authors: Oliver Gottschalg

1st Edition

1908783508, 9781908783509

More Books

Students also viewed these Finance questions

Question

★★★★★

On January 1, Bobby and Alicia own equally all of the stock of an electing S corporation called Prairie Dirt Delight. The company has a $60,000 loss for the year (not a leap year). On the 219th day...

Answered: 1 week ago

Question

★★★★★

Measuring the moons orbit. A handheld digital camera was used to photograph the moons orbit and the results summarized in the American Journal of Physics (Apr. 2014). The pictures were used to...

Answered: 1 week ago

Question

★★★★★

Assume that the probability of each elementary event {i} defined in the sample space = {1, 2, 3,} is given by P({i}) = 5i17i, i = 1, 2, 3,. Let us define the events An = {n, n + 1, n + 2, n + 3, n +...

Answered: 1 week ago

Question

★★★★★

Refer to Theory in Practice vignette 7.4, describing how The Blackstone Group proposed to account for the carried interest to be received from future earnings of unconsolidated firms it has invested...

Answered: 1 week ago

Question

★★★★★

Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. $3,150,000 PHOENIX COMPANY Fixed Budget Report...

Answered: 1 week ago

Question

★★★★★

Pls give me solution fast don't you any ai otherwise I will give you multiple dislike for the solution, and I will report to Chegg also so please provide me . What is greedy algorithm? do not ai

Answered: 1 week ago

Question

★★★★★

Ted Crilly, the controller for Craggy Manufacturing Co, is in the process of analysing the overhead costs for the month of October. He has gathered the following data for the month. Labor Direct...

Answered: 1 week ago

Question

★★★★★

Linear Functions Fit to Data MC The table compares the average daily temperature and ice cream sales each day Temperature F Ice Cream Sales 112 58 2 64 2 64 3 66 8 68 4 71 6 72 7 76 2 77 8 82 8 135...

Answered: 1 week ago

Question

★★★★★

4. You've recommended to your team lead that you should move forward with the re-launch. You have a key customer that was impacted by the miss-launch a few months ago and you're meeting with them to...

Answered: 1 week ago

Question

★★★★★

In a neighborhood, 35% of homes have a security system. As a security system salesperson, you want to know how many houses need to be visited before you find 10 houses without a system. 83 62 21 98...

Answered: 1 week ago

Question

★★★★★

Consider the system of equations: 2 x ^ 2 - 3 and + With = 1 2 3 x ^ 3 + 2 and = 2 5 4 x ^ 2 - 2 and ^ 2 + With = 1 8 Write a MATLAB script to find numerical solutions to this system of equations...

Answered: 1 week ago

Question

★★★★★

1 Analyse the Newman Academy Secondary School by comparing the steps taken with those of Kotter and Cohens model, which was introduced earlier. The 60 faculty members in the Newman Academy Secondary...

Answered: 1 week ago

Question

★★★★★

2 Why might the issue of trust be particularly important in managing change? In 2002 the British Museum was regarded as being in crisis (Edwards, 2005). There had been a downturn in tourism...

Answered: 1 week ago

Question

★★★★★

Have you been clear about where you are focusing and where you are reducing focus/investment?

Answered: 1 week ago

Previous Question Next Question