Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLEASE ANSWER ASAP FOR A THUMBS UP Dina is the owner of a 15-year-old home, and is looking to buy a homeowner's insurance policy. She
PLEASE ANSWER ASAP FOR A THUMBS UP
Dina is the owner of a 15-year-old home, and is looking to buy a homeowner's insurance policy. She feels it would be overly cautious to purchase protection from all perils, but in addition to protection from fire, vandalism, windstorms, and so on, she also wants insurance for damage caused by malfunctioning of internal structures like air conditioning or plumbing. Based on the peril coverage it offers, she purchases an insurance policy. Her home has a replacement value of $250,000, therefore she insures her home for the minimum legal requirement of Assuming si does not purchase any additional coverage beyond the legal minimums, complete the following table indicating the maximum dollar value of reimbursement she can receive for each of the following: Damage to personal property: Detached buildings: Loss of Use (Additional living expenses): Property damage: S Insuring While Away at College Dina's son, Charles, is a college student living in a campus dormitory. He drives a car that she parks on the street and wants to make sure the full value is insured. Which of the following statements regarding Charles's insurance needs are true? Check all that apply. Charles should purchase an H0-4 broad form insurance policy because he is not covered under his parents' policy. His property is covered up to 10% of the coverage on the home He should tell the insurance agency that he parks in a garage to save money on premiums Damage to personal property: Detached buildings: Loss of Use (Additional living expenses): Property damage: UITO nsuring While Away at College Dina's son, Charles, is a college student living in a campus dormitory. He drives a car that she parks on the street and wants to make sure the full alue is insured. Which of the following statements regarding Charles's insurance needs are true? Check all that apply. Charles should purchase an H0-4 broad form insurance policy because he is not covered under his parents' policy. His property is covered up to 10% of the coverage on the home He should tell the insurance agency that he parks in a garage to save money on premiums nsuring a Condominium Dina's parents own a condominium that they fully insured for the replacement value of $150,000. Last year a portion of their roof collapsed due to the veight of snow after a severe storm, rendering the condo uninhabitable for the month that it took to complete repairs. Based on the coverage details f their condominium form Insurance policy, the additional living expenses they incur as a result of the damage (such as the cost of stayin a hotel during the repairs) Grade It Now Save & Continue Contban Dina is the owner of a 15-year-old home, and is looking to buy a homeowner's insurance policy. She feels it would be overly cautious to purchase protection from all perils, but in addition to protection from fire, vandalism, windstorms, and so on, she also wants insurance for damage caused by malfunctioning of internal structures like air conditioning or plumbing. Based on the peril coverage it offers, she purchases an insurance policy. Her home has a replacement value of $250,000, therefore she insures her home for the minimum legal requirement of Assuming si does not purchase any additional coverage beyond the legal minimums, complete the following table indicating the maximum dollar value of reimbursement she can receive for each of the following: Damage to personal property: Detached buildings: Loss of Use (Additional living expenses): Property damage: S Insuring While Away at College Dina's son, Charles, is a college student living in a campus dormitory. He drives a car that she parks on the street and wants to make sure the full value is insured. Which of the following statements regarding Charles's insurance needs are true? Check all that apply. Charles should purchase an H0-4 broad form insurance policy because he is not covered under his parents' policy. His property is covered up to 10% of the coverage on the home He should tell the insurance agency that he parks in a garage to save money on premiums Damage to personal property: Detached buildings: Loss of Use (Additional living expenses): Property damage: UITO nsuring While Away at College Dina's son, Charles, is a college student living in a campus dormitory. He drives a car that she parks on the street and wants to make sure the full alue is insured. Which of the following statements regarding Charles's insurance needs are true? Check all that apply. Charles should purchase an H0-4 broad form insurance policy because he is not covered under his parents' policy. His property is covered up to 10% of the coverage on the home He should tell the insurance agency that he parks in a garage to save money on premiums nsuring a Condominium Dina's parents own a condominium that they fully insured for the replacement value of $150,000. Last year a portion of their roof collapsed due to the veight of snow after a severe storm, rendering the condo uninhabitable for the month that it took to complete repairs. Based on the coverage details f their condominium form Insurance policy, the additional living expenses they incur as a result of the damage (such as the cost of stayin a hotel during the repairs) Grade It Now Save & Continue Contban 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