Describe (a) Types of losses (b) Persons (c) Locations that are covered under a homeowners policy.
Question:
(a) Types of losses
(b) Persons
(c) Locations that are covered under a homeowner’s policy.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (18 reviews)
a A policyholder can suffer three different types of propertyrelated ...View the full answer
Answered By
Allan Olal
I have vast tutoring experience of more than 8 years and my primary objective as a tutor is to ensure that a student achieves their academic goals.
4.70+
78+ Reviews
410+ Question Solved
Related Book For
Personal Financial Planning
ISBN: 978-1111971632
13th edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
Question Posted:
Students also viewed these Corporate Finance questions
-
Identify the causes of loss that are covered under the following forms: a. Causes-of-loss basic form b. Causes-of-loss broad form c. Causes-of-loss special form
-
Describe the relationship between policy makers, types of policies, and policy objectives.
-
Homeowner is purchasing homeowner's insurance. This policy has a $7,000 deductible, so that if you have a claim and the damage is less than $7,000 owner pays for it out of pocket. However, if the...
-
A project is at the multi-functional planning phase. The project manager realizes that producing a complex application is not feasible with the current number of resources and decides to hire more...
-
Two tanks are connected by a valve and line as shown in Fig. P5.62. The volumes are both 1 m3 with R-134a at 20C, quality 15% in A and tank B is evacuated. The valve is opened and saturated vapor...
-
The following information is for the inventory of mini kettles at Funnell Company Limited for the month of May: Instructions (a) Assuming that the periodic inventory method is used, calculate the...
-
Derive the solutions for transient concentration profiles in the two-bulb apparatus (Example 21.5 in the text) for the binary case, and show that the multicomponent case can be derived as an...
-
Listed below are data that pertain to the corporate bond market. a. Compute the confidence index for each of the 4 periods listed above. b. Assume that the latest confidence index (for period 0, in...
-
Faith Busby and Jeremy Beatty started the B&B partnership on January 1, Year 1. The business acquired $89,700 cash from Busby and $140,300 from Beatty. During Year 1, the partnership earned $60,800...
-
Consider the volleyball net shown. Determine the angle formed by guy wires AC and AD.
-
What types of property are covered under a homeowners policy? When should you consider adding a PPF to your policy? Indicate which of the following are included in a standard policys coverage: (a) An...
-
Describe replacement-cost coverage and compare this to actual cash value coverage. Which is preferable?
-
Is revenue earned from the following transactions? Give reasons for your answers. 1. Goods costing $6000 are sold for $9500. 2. Goods costing $6000 are sold for $6000. 3. Goods costing $6000 are sold...
-
It's possible for a determined \(\mathbb{N T}\) group of people to pull an aircraft. Drag is negligible at low speeds, and the only force impeding motion is the rolling friction of the rubber tires...
-
What is the drag force on a 1.6-m-wide, 1.4-m-high car traveling at a. \(10 \mathrm{~m} / \mathrm{s}(\approx 22 \mathrm{mph}) ? \quad\) b. \(30 \mathrm{~m} / \mathrm{s}(\approx 65 \mathrm{mph})\) ?
-
In short-track speed skating, the track has straight sections and semicircles \(16 \mathrm{~m}\) in diameter. Assume that a \(65 \mathrm{~kg}\) skater goes around the turn at a constant \(12...
-
The ultracentrifuge is an important tool for separating and analyzing proteins in biological research. Because of the enormous centripetal accelerations that can be achieved, the apparatus must be...
-
Your car is sitting in the parking lot. Describe a situation. For each problem, identify all the forces acting on the object and draw a free-body diagram of the object.
-
Get the monthly data from 1976 to 2009 on the three month T-bill rate (CANSIM series V122531) from the Textbook Resources area of the MyEconLab. a. Plot the nominal interest rate, i t . b. Calculate...
-
Suppose that a flow network G = (V, E) violates the assumption that the network contains a path s t for all vertices V. Let u be a vertex for which there is no path s u t. Show that there must...
-
Change often brings Fear of losing the jobs Lack of reliance Substantial uncertainty None of the above
-
What type of bank serves your needs best? Visit the Web sites of the following institutions and prepare a chart comparing the services offered, such as traditional and online banking, investment...
-
Suppose that someone stole your ATM card and withdrew $950 from your checking account. How much money could you lose according to federal legislation if you reported the stolen card to the bank? (a)...
-
Determine the annual net cost of these checking accounts: a. Monthly fee $4, check-processing fee of 20 cents, average of 23 checks written per month b. Annual interest of 2.5 percent paid if balance...
-
A factory purchased a new cooling system for $450,000. The system has a service life f 10 years and requires annual maintenance that starts at $5,000/year and increases by $1,000 each of the...
-
River Cruises current financial position is shown in the table below. Suppose that River Cruises, which currently is all-equity financed, issues $300,000 of debt and uses the proceeds to...
-
A company has two farms that produces apples. There is a possibility that the apple is bad if it inspected closely. In one certain week we had the following data: Good Bad Farm 1 43 10 Farm 2 75 18...
Study smarter with the SolutionInn App