Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 05, 2024

How much will the insurance cover ? Homeowners insurance dwelling coverage Insured value $300,000, replacement cost $500,000, coinsurance 80%. Suppose the house is totally destroyed,

How much will the insurance cover ?

Homeowners insurance dwelling coverage Insured value $300,000, replacement cost $500,000, coinsurance 80%. Suppose the house is totally destroyed, the insurance will cover $ (if no deductible)

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

Intermediate Financial Management

Authors: Brigham, Daves

10th Edition

978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573

More Books

Students also viewed these Finance questions

Question

★★★★★

Smith Barnes Designers uses a sophisticated art program for its design work. Suppose the company paid $5,000 for a computer. Describe how the company would account for the $5,000 expenditure under...

Answered: 1 week ago

Question

★★★★★

IM2.3 Intermediate: Analysis of costs by behaviour for decision-making. The Northshire Hospital Trust operates two types of specialist X-ray scanning machine, XR1 and XR50. Details for the next...

Answered: 1 week ago

Question

★★★★★

2. Why is sharing meaning through verbal messages so challenging?

Answered: 1 week ago

Question

★★★★★

The following are the December 31, Year 9, balance sheets of three related companies: Additional Information ¢ On January 1, Year 5, Pro purchased 40% of Forma for $116,000. On that date, Formas...

Answered: 1 week ago

Question

★★★★★

How much will the insurance cover ? Homeowners insurance dwelling coverage Insured value $300,000, replacement cost $500,000, coinsurance 80%. Suppose the house is totally destroyed, the insurance...

Answered: 1 week ago

Question

★★★★★

Consider an automobile manufacturing plant where the rate at which the plant uses power-lock mechanisms (an automobile component) is stochastic and normally distributed, with a mean of 192 per day (8...

Answered: 1 week ago

Question

★★★★★

What are personality traits? Allport defines three groups of traits: cardinal traits, central traits and secondary traits. Describe shortly the distinction between them.

Answered: 1 week ago

Question

★★★★★

Here are some potential history-related questions about American universities that you could explore: ### 1. **Founding and Early Development** - What were the first universities established in the...

Answered: 1 week ago

Question

★★★★★

### Section A: Essay Questions (Answer any two) 1. **Discuss the impact of the Renaissance on European society and culture.** 2. **Analyze the causes and consequences of World War I.** 3. **Evaluate...

Answered: 1 week ago

Question

★★★★★

Explain the different types of marketing strategies.

Answered: 1 week ago

Previous Question Next Question