Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ON 45 2 points of: The extended period of indemnity optional coverage can extend the duration of extended business income to up to a maximum

image text in transcribed

ON 45 2 points of: The extended period of indemnity optional coverage can extend the duration of extended business income to up to a maximum 1825 days years 90 days (3 months) 7 days (6 months 730 days (2 years) 365 days it year) QUESTION 44 An insured has a CP 1045/Sublimit) Earthquake and Volcanic Eruption Insurance coverage form and a BPP with the standard 80% coinsurance requirement. Given the following information and assuming a covered loss of $200,000, how much will the insured's policy pay for the covered loss? Deductible Percentage - 7 Value of Damaged Building - 52 million Limit -5900.000 2 points So Less than 550,000 Between 550.000 and 5100.000 Between $100.000 and $150,000 Between 5150.000 and $200,000 More than $200,000 Il Proctono is shem

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Gapenski's Healthcare Finance An Introduction To Accounting And Financial Management

Authors: Kristin L. Reiter, Paula H. Song

7th Edition

1640551867, 9781640551862

More Books

Students also viewed these Finance questions