Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 07, 2024

Andre has an unendorsed HO-3 policy. His roof is torn off by a tornado. His limit on Coverage A is $100,000. RC of the roof

Andre has an unendorsed HO-3 policy. His roof is torn off by a tornado. His limit on Coverage A is $100,000. RC of the roof is $25,000, and ACV of the roof is $22,000. RC of the covered contents damaged is $65,000, and ACV of the contents is $55,000. Ignoring the effect of any deductible, how much will his insurer pay for this loss? Please show your work

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

Environmental Auditing Fundamentals And Techniques

Authors: J. Ladd Greeno

2nd Edition

091509410X, 978-0915094103

More Books

Students also viewed these Accounting questions

Question

★★★★★

Refer back to the section of the chapter entitled Preparing Adjusting Entries. Who determines how long buildings and furniture and equipment are to last? Who determines the dollar amount of accounts...

Answered: 1 week ago

Question

★★★★★

Reinforcement always increases the likelihood of future behavior, whereas punishment always decreases the likelihood of future behavior. Reinforcement and punishment can be positive (i.e., involve...

Answered: 1 week ago

Question

★★★★★

Suppose that Wabash completes the house one month later than promised. Inclement weather, which was no ones fault, caused the tardiness. Explain how the court might compute efficient damages.

Answered: 1 week ago

Question

★★★★★

A company receives interest on a $90,000, 8%, 5-year note receivable each April 1. At December 31, 2020, the following adjusting entry was made to accrue interest receivable: Interest Receivable...

Answered: 1 week ago

Question

★★★★★

Question 8 What are the indices for the direction represented by the vector that has been drawn within a unit cell? 1 2 , 0 , 1 2 - 1 - 4 3 1 6 , - 2 3 , 1 2 2 3 , 2 3 , 0

Answered: 1 week ago

Question

★★★★★

2. Rationalize each denominator. 53 e. 23+4 32 f. 23-5 3. Rationalize each numerator. 3-7 e. 4 23+ 7 f. 5 7. Calculate the slope of the tangent to each curve at the given point or value of x. 2 c. y=...

Answered: 1 week ago

Question

★★★★★

Develop a causal circle based on the following: Walmart has been receiving complaints regarding length of time spent waiting in line.

Answered: 1 week ago

Question

★★★★★

What would you consider specific information as opposed to passive information that may only help in a bind, Is there specific information that you would research for?

Answered: 1 week ago

Question

★★★★★

2.2. Choose a mineral as an example (eg. copper) and briefly describe how the following factors may influence the quantity of this mineral that will be demanded: 2.2.1. Price of the mineral (2)...

Answered: 1 week ago

Question

★★★★★

Do you find overt use of group-specific symbols/language offensive or exploitative?

Answered: 1 week ago

Question

★★★★★

1. What particularly intrigues you about this innovation? Why do you think it is needed and might or might not work in your community?

Answered: 1 week ago

Question

★★★★★

2. In what ways might the innovation be adapted to your particular community characteristics or needs?

Answered: 1 week ago

Question

★★★★★

1. What are the major sources of stress in your life? What are the major sources of stress at work? Write down three sources of stress for which you can take some sort of action to change.

Answered: 1 week ago

Previous Question Next Question