Question
Piona bought a house on acre of land and paid the seller $164,000. The house has a garage, and Piona parks her Subaru sedan in
Piona bought a house on acre of land and paid the seller $164,000. The house has a garage, and Piona parks her Subaru sedan in the garage. The Subaru has a market vlue $7,000. Pionas husband jeeps his collectibles at the house, and the collectibles are worth $5,500. Which of following statements concerning the maximum possible loss for Piona at her house is correct? And write the explanation of the answer. A. The maximum possible loss for fire will include the house but not the Subaru sedan. B. The maximum possible loss for theft will include the collectibles and the house. C. The maximum possible loss for windstorm will include the sedan but not the collectibles. D. The maximum possible loss for flood will include the sedan and the collectibles.
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