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Given this homeowners insurance declaration page sample, 1. a. How much is Marty McFly paying to have this homeowner's insurance policy? ($10,000 , $200,000 ,
Given this homeowners insurance declaration page sample,
1.
a. How much is Marty McFly paying to have this homeowner's insurance policy? ($10,000 , $200,000 , $1,660 , or $1,500)
b. If Marty McFly sustained damage to his personal property, his insurance coverage would start only for damages above what amount? ($40 , $500 , $1,000 , or $100,000)
c. If a fire caused Marty McFly to be unable to live in or use his home, he would have a maximum of how much coverage for one year? ($1,500 , $20,000 , $40,000 , $100,000)
Policy Number: 246494638 Your Agent: Doc Brown, 810-515-9337 Name Insured Mortgagee Marty McFly 1 Plutonium Bank 377 Future St. 12 Einstein St. Hill Valley, CA 90001 Hill Valley, CA 90001 The residence covered by this policy is located at the above address unless otherwise indicated Policy Period: 12 months Effective Date: 10-2-2018 Expiration Date: 10-2-2019 2 Limits Premiums $200,000 $1,500 $20,000 Incl. $100,000 Incl. Coverages. Section 1: Property Coverage A: Dwelling $1,000 deductible Coverage B: Other structures $1,000 deductible Coverage C: Personal property 3 $500 deductible Replacement value Coverage D: Loss of use Up to 12 months Section II: Liability Coverage E: Personal Liability Coverage F: Medical payment to others Additional Coverages Rider - Jewelry $40,000 Incl. $300,000 per occurrence $5,000 per person $40 $20 $10,000 $100 Total Policy Premium: $1,660 Discounts Loyalty, Multi-policy, Home-security system, Approved storm shutters 4Step by Step Solution
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