Describe replacement-cost coverage and compare this to actual cash value coverage. Which is preferable?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Replacementcost coverage provides the insured with an amount necessary to rep...View the full answer
Answered By
Vineet Kumar Yadav
I am a biotech engineer and cleared jee exam 2 times and also i am a math tutor. topper comunity , chegg India, vedantu doubt expert( solving doubt for iit jee student on the online doubt solving app in live chat with student)
5.00+
2+ Reviews
10+ 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
-
Which cost is greater: replacement cost or actual cash value? Why?
-
Describe cases in which people are preferable to machines.
-
Describe cases in which machines are preferable to people.
-
A functional structure is best suited when a single department has a: dominant interest. surplus of resources. project sponsor. dominant role
-
10 kg of water in a piston cylinder arrangement exists as saturated liquid/vapor at 100 kPa, with a quality of 50%. It is now heated so the volume triples. The mass of the piston is such that a...
-
Municipal bonds are usually exempt from income taxes. Because investors care about the after-tax returns on their investments, these bonds have lower yields than bonds whose interest payments are...
-
Should there be concerns about safety, quality, or customers cybersecurity at Twitter?
-
1. How might population trends affect a professional services organization like PwC? What might it have to do to adapt to these trends? 2. What challenges might PwC face in adapting to a more diverse...
-
What strategies can visionary leaders employ to inspire innovation and creativity while balancing the inherent risks associated with pushing boundaries and disrupting established norms?
-
Retro Vinyl (RV) produces bespoke cabinetry for vinyl record players in Santa Fe, New Mexico. The company utilizes heart of pine wood to manufacture truly unique furniture that not only looks...
-
Describe (a) Types of losses (b) Persons (c) Locations that are covered under a homeowners policy.
-
What are deductibles? Do they apply to either liability or medical payments coverage under the homeowners policy?
-
For the space truss subjected to the 4000-lb load acting as shown in Figure P3-43 determine the displacement of node 4. Also determine the stresses in each element. Let A = 6 in2 and E = 30 106 psi...
-
What kind of impact do increasing costs of capacity have on an organization's cost structure?
-
ABC Company is 100% owned by Hadley . On January 1 of the current year, ABC makes a loan of $24990 to HADLEY . The loan carries interest at the rate prescribed within the tax regulations. Hadley pays...
-
How can you explain why some mutual fund managers out-perform the market by the efficient market hypothesis?
-
You are considering purchasing a corporate bond that has an expected rate of return of 10%, 5% coupon paid annually, a 1,000 par value, and has 3 years to maturity. Based on your projections, you...
-
A company is considering a 5-year project that opens a new product line and requires an initial outlay of $77,000. The assumed selling price is $98 per unit, and the variable cost is $60 per unit....
-
The Kingdom of Bhutan measures the happiness of its population, and government policy is formulated to increase Bhutans GNH (gross national happiness). Read about how the GNH is measured (try...
-
Under what conditions is the following SQL statement valid?
-
Preparing for a Tax Audit. John and Evelyn Harris have been notified that they are being audited. What should they do to prepare for the audit?
-
Calculating Taxable Income for a Married Couple Filing Jointly. Emily and Luke Robinson are married and have one child. Luke is putting together some figures so that he can prepare the Robinsons...
-
Effect of Tax Credit versus Tax Exemption. Explain and calculate the differences resulting from a $2,000 tax credit versus a $2,000 tax deduction for a single taxpayer with $40,000 of pre-tax income.
-
A sound wave in a steel rail of a railroad track has a frequency of 695 Hz and a wavelength of 6.5 m. What is the speed of sound in this rail?
-
A glass window pane is 2.6 m high, 2.3 m wide, and 6.0 mm thick. The temperature at the inner surface of the glass is 28C and at the outer surface 4C. How much heat is lost each hour through the...
-
A solid of mass m , specific heat c, and temperature 195 o C is placed into a water of mass 4 m (and specific heat 1 cal/g o C) at 10 o C. The objects are allowed to come to equilibrium temperature...
Study smarter with the SolutionInn App