Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5Doug s stereo was stolen from his home. The stereo cost $1,500 new but has a replacement cost of ,250 and has suffered $500 depreciation.
5Doug s stereo was stolen from his home. The stereo cost $1,500 new but has a replacement cost of ,250 and has suffered $500 depreciation. If Doug has a Homeowners policy that covers losses for personal property for Acy with a $500 deductible, what amount is Doug entitled to recover? a. $200. b. $700. c. $750 d. $1,250. 6. Doug's stereo was stolen from his home. The stereo cost $1,500 new but has a replacement cost of $1,250 and has suffered $500 depreciation. If Doug has a Homeowners policy that covers losses for personal property for Replacement Cost with a $500 deductible, what amount is Doug entitled to recover? a. $200 b. $700. c. $750 d. $1,250 7. Homeowners policies have limits for items such as rare coins and jewelry. Which of the following should an insured homeowner consider obtaining if they have significant investments in these items? a. A personal liability insurance riders. b.A professional liability insurance riders. c.A personal articles floater policy. d. An agreed to value separate policy
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