If Carissa has a $168,000 home insured for $100,000, based on the 80 percent coinsurance provision,...
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If Carissa has a $168,000 home insured for $100,000, based on the 80 percent coinsurance provision, how much would the insurance company pay for a claim of $14,700? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Amount paid For each of the following situations, what amount would the insurance company pay? a. Wind damage of $875; the insured has a $400 deductible. Note: Leave no cells blank - be certain to enter "O" wherever required. Amount paid b. Theft of a home entertainment system worth $1,750; the insured has a $450 deductible. Note: Leave no cells blank - be certain to enter "O" wherever required. Amount paid c. Vandalism that does $428 of damage to a home; the insured has a $450 deductible. Note: Leave no cells blank - be certain to enter "O" wherever required. Amount paid If Carissa has a $168,000 home insured for $100,000, based on the 80 percent coinsurance provision, how much would the insurance company pay for a claim of $14,700? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Amount paid For each of the following situations, what amount would the insurance company pay? a. Wind damage of $875; the insured has a $400 deductible. Note: Leave no cells blank - be certain to enter "O" wherever required. Amount paid b. Theft of a home entertainment system worth $1,750; the insured has a $450 deductible. Note: Leave no cells blank - be certain to enter "O" wherever required. Amount paid c. Vandalism that does $428 of damage to a home; the insured has a $450 deductible. Note: Leave no cells blank - be certain to enter "O" wherever required. Amount paid
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To calculate the amount the insurance company would pay for a claim of 14700 we first need to d... View the full answer
Related Book For
Focus On Personal Finance
ISBN: 9781265521974
7th Edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
Posted Date:
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