Question
QUESTION 3 Assume you have an accident in which your 1996 Impala is totally destroyed, but you are not hurt. ACME Insurance Co. (your insurance
QUESTION 3
Assume you have an accident in which your 1996 Impala is totally destroyed, but you are not hurt. ACME Insurance Co. (your insurance company) wrties you a check for the car. What is the dollar amount of the check?
| a. | $800 | |
| b. | $300 | |
| c. | $500 | |
| d. | $1,000 |
b)
Assume you have a home which would cost $120,000 to replace. You currently have the home insured for $85,000. Last night a tornado damaged your home, causing an estimated $25,000 in damage. How much will your insurance company pay for repairing the damage to your home?
| a. | $22,135 | |
| b. | $85,000 | |
| c. | $68,000 | |
| d. | $25,000 |
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Urban Infrastructure Finance And Management
Authors: K. Wellman, Marcus Spiller
1st Edition
0470672188, 978-0470672181
