Assume Ashley Green owns the ISO HO 2 policy described in this chapter The limits are as follows A $300,000 B $30,000 C $150,000 D $90,000 E $100,000 F $5,000 The replacement cost of Ashleys home is $290,000, the contents are valued at $170,000, and depreciation on the home is set at 30 percent Your assignment is to compute the amount Ashley will collect in each of the following circumstances (Assume each event occurs separately ) Ashleys house and all its contents are destroyed by a fire It takes 6 months to rebuild the home, and Ashleys additional living expenses amount to $18,000 Ashley's unattached garage burns, destroying the garage (damage $22,000) , the lawn care equipment inside (damage $3,000) ,and her car (ACV 15,000) Ashley negligently starts a fire while cooking The fire causes $20,000 damage to her kitchen It costs her an additional $200 a day for 40 days for her family to live in a hotel while her kitchen is being rebuilt Her mortgage is $2,000 a month It costs her family $120 a day to eat out while meals at home cost $30 a day Her pure bred cat dies in the fire She purchased the cat for $750 Ashleys husband Robert is cooking on the grill The grill catches on fire and causes his neighbor's house to burn He is sued for $170,000 Legal expenses are $25,000 While playing baseball, Ashleys husband Robert pitches a ball and hits another player in the face The other player James suffers a concussion and sues Robert for $20,000 medical expenses, $8,000 in lost wages, and $100,000 for pain and suffering Assume James wins the case and it costs an additional $20,000 to provide Robert with a legal defense While her 22 year old son, Alex, a full time student, is away at college, his computer (ACV $400), television (ACV $600), watch ($200) and $100 cash is stolen from his dorm room While moving back home Alex drops his new computer and breaks it (damage $900) Ashleys husband Robert is an architect working from his office at home He is sued for negligence in preparing drawings for a client The suit is successful and the client wins $70,000 judgment

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Assume Ashley Green owns the ISO HO-2 policy described in this chapter. The limits are as follows: A = $300,000 B = $30,000 C =

Assume Ashley Green owns the ISO HO-2 policy described in this chapter. The limits are as follows:

A = $300,000

B = $30,000

C = $150,000

D = $90,000

E = $100,000

F = $5,000

The replacement cost of Ashleys home is $290,000, the contents are valued at $170,000, and depreciation on the home is set at 30 percent.

Your assignment is to compute the amount Ashley will collect in each of the following circumstances. (Assume each event occurs separately.)

Ashleys house and all its contents are destroyed by a fire. It takes 6 months to rebuild the home, and Ashleys additional living expenses amount to $18,000.
Ashley's unattached garage burns, destroying the garage (damage = $22,000) , the lawn-care equipment inside (damage = $3,000) ,and her car (ACV=15,000)
Ashley negligently starts a fire while cooking. The fire causes $20,000 damage to her kitchen. It costs her an additional $200 a day for 40 days for her family to live in a hotel while her kitchen is being rebuilt. Her mortgage is $2,000 a month. It costs her family $120 a day to eat out while meals at home cost $30 a day. Her pure bred cat dies in the fire. She purchased the cat for $750.
Ashleys husband Robert is cooking on the grill. The grill catches on fire and causes his neighbor's house to burn. He is sued for $170,000. Legal expenses are $25,000.
While playing baseball, Ashleys husband Robert pitches a ball and hits another player in the face. The other player James suffers a concussion and sues Robert for $20,000 medical expenses, $8,000 in lost wages, and $100,000 for pain and suffering. Assume James wins the case and it costs an additional $20,000 to provide Robert with a legal defense.
While her 22 year old son, Alex, a full-time student, is away at college, his computer (ACV=$400), television (ACV=$600), watch ($200) and $100 cash is stolen from his dorm room.
While moving back home Alex drops his new computer and breaks it (damage=$900)
Ashleys husband Robert is an architect working from his office at home. He is sued for negligence in preparing drawings for a client. The suit is successful and the client wins $70,000 judgment.