References Mailings Review View Aav Ao abA EVENTE ET DAA EES E 21 Styles Styles Pane Dictate answers. 1. Sally's home is insured for $100,000 for Coverage A: Dwelling under an HO-3 policy. The replacement cost of Sally's house is $250,000. She and Chuck have personal property in the house that would cost $100,000 to replace while most of it would be depreciated by 50% on an ACV basis. Sally has jewelry valued at $10,000. Chuck has a coin collection valued at $15,000 and a motorboat valued at $20,000 a. What are 3 policy modifications or endorsements that you would recommend regarding the homeowners insurance program for Chuck and Sally? I would recommend to be a personal property replacement cost loss settlement endorsement, a watercraft endorsement, & personal property endorsement. b. Before implementing your suggestions in Part a, fire damaged one bedroom of the house. The actual cash value of the loss is $10,000. The cost of repairs is $16,000. How much will the insurer pay (show your work)? c. A burglar broke into the home and stole a new television, furniture, and several paintings. The actual cash value of the stolen property is $4.000. The cost of replacing the property is $9,000. In addition, the coin collection was taken. Indicate the extent, if any, to which an unendorsed HO-3 policy will cover these losses. 2. Indicate whether the following losses are covered under Section II of Chuck and Sally's homeowners policy. Assume there are no special endorsements. Explain your answers by stating whether it is covered under Coverage E Personal Liability or Coverage F Medical Payments to Others (if there is in fact coverage) a Sally's (a named insured) dog bites a neighbor's child and also chews up the neighbor's coat. b. A Chuck and Sally's son, Junior, lives at home. Junior accidentally injures another player while playing softball c. A guest slips on a waxed kitchen floor and breaks an arm. d. A neighbor's child falls off a swing in Chuck and Sally's yard and breaks an arm. See next page e. Chuck (a named insured) accidentally falls on an icy sidewalk and breaks a leg. 1. While driving to the supermarket, Chuck injures another motorist with his automobile. References Mailings Review View Aav Ao abA EVENTE ET DAA EES E 21 Styles Styles Pane Dictate answers. 1. Sally's home is insured for $100,000 for Coverage A: Dwelling under an HO-3 policy. The replacement cost of Sally's house is $250,000. She and Chuck have personal property in the house that would cost $100,000 to replace while most of it would be depreciated by 50% on an ACV basis. Sally has jewelry valued at $10,000. Chuck has a coin collection valued at $15,000 and a motorboat valued at $20,000 a. What are 3 policy modifications or endorsements that you would recommend regarding the homeowners insurance program for Chuck and Sally? I would recommend to be a personal property replacement cost loss settlement endorsement, a watercraft endorsement, & personal property endorsement. b. Before implementing your suggestions in Part a, fire damaged one bedroom of the house. The actual cash value of the loss is $10,000. The cost of repairs is $16,000. How much will the insurer pay (show your work)? c. A burglar broke into the home and stole a new television, furniture, and several paintings. The actual cash value of the stolen property is $4.000. The cost of replacing the property is $9,000. In addition, the coin collection was taken. Indicate the extent, if any, to which an unendorsed HO-3 policy will cover these losses. 2. Indicate whether the following losses are covered under Section II of Chuck and Sally's homeowners policy. Assume there are no special endorsements. Explain your answers by stating whether it is covered under Coverage E Personal Liability or Coverage F Medical Payments to Others (if there is in fact coverage) a Sally's (a named insured) dog bites a neighbor's child and also chews up the neighbor's coat. b. A Chuck and Sally's son, Junior, lives at home. Junior accidentally injures another player while playing softball c. A guest slips on a waxed kitchen floor and breaks an arm. d. A neighbor's child falls off a swing in Chuck and Sally's yard and breaks an arm. See next page e. Chuck (a named insured) accidentally falls on an icy sidewalk and breaks a leg. 1. While driving to the supermarket, Chuck injures another motorist with his automobile