Identify the persons who are insured under a homeowners policy.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
Persons insured include 1 The named insured and household residents who are rela...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
Question Posted:
Students also viewed these Corporate Finance questions
-
A commercial building is insured under a fire policy that has a face value of 80% of the buildings appraised value. The annual insurance premium is 3/8% of the face value of the policy and the...
-
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 home valued at $295,000 is insured in a policy that contains an 80% coinsurance clause. The face value of the policy is $100,000. If the home is a total loss, what is the amount of compensation?
-
In year 1, the prices of goods X, Y, and Z are $2, $4, and $6 per unit, respectively. In year 2, the prices of good X, Y, and Z are $3, $4, and $7, respectively. In year 2, twice as many units of...
-
The working capital at the end of the third quarter was 75% higher than at the end of the second quarter. What was the amount of working capital at the end of the second quarter if the working...
-
Essex Biochemical Co. has a $1,000 par value bond outstanding that pays 15 percent annual interest. The current yield to maturity on such bonds in the market is 17 percent. Compute the price of the...
-
What is a core competency? Why is it important for firms to have core competencies?
-
Several items are omitted from each of the following income statement and cost of goods manufactured statement data for the month of December 2010: Instructions 1. Determine the amounts of the...
-
1 2 34 What is "SWOT analysis? How do you carry it for a technical educationalinstitute? What is corporate planning? Explain the process of corporate planning? Discuss the process of strategy...
-
Mr B aged 52 years, has earned rupees 75,00,000 out of his business. His ex-wife gifted him a car worth rupees 8 lakh. He spent a total of rupees 20 lakh during a family trip. He won a lottery of 16...
-
Identify the basic types of homeowners policies that are used today.
-
The Section I property coverages provide different types of coverages to an insured. For each of the following coverages, briefly describe the type of coverage provided, and give an example of a loss...
-
A petroleum oil having the properties given in Table 15.3 is to be heated in a horizontal multipass heater with steam at 60 lb /in. 2 gauge. The tubes are to be steel, 3 / 4 -in. OD by BWG 16, and...
-
Calculate the profit margin and asset turnover ratio. Net sales Cost of sales COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) Gross profit...
-
The company XYZ has an after-tax interest payment of $105,600, a reduction in debt of -$196,568, Payment of dividends of $11,000, and purchase of ST investment of -$28,600. XYZ didn't issue or...
-
1. Write a C program to compute the formula v=u+at u initial velocity a - acceleration t-time v - final velocity 2. Write a C program to compute the formula SI: PXRXT = 100 SI simple interest P...
-
SCH4U Rules for oxidation numbers: Date: Chemical reactions which involve electron transfer are called redox reactions (reduction-oxidation). Oxidation numbers are used by chemists to keep track of...
-
The tents have capacity for 2, 3, 5, 6 or 12 people. How many tent combinations are possible to sleep 26 if all tents are fully occupied and exactly one 12-person tent is used?
-
Microsoft is a large, multinational technology company headquartered in Redmond, Washington. It develops and sells computer software, consumer electronics, and personal computers. Microsoft was...
-
Review Exhibit 11.4. Analyze each product on the graph according to the characteristics that influence the rate of adoption. For example, what can you conclude from the data about the relative...
-
Why are market supply curves upward sloping?
-
A fund of funds divides its money between five hedge funds that earn 5%, 1%, 10%, 15%, and 20% before fees in a particular year. The fund of funds charges 1 plus 10% and the hedge funds charge 2 plus...
-
A hedge funds charges 2 plus 20%. A pension fund invests in the hedge fund. Plot the return to the pension fund as a function of the return to the hedge fund.
-
The current price of a stock is $94, and three-month European call options with a strike price of $95 currently sell for $4.70. An investor who feels that the price of the stock will increase is...
-
What is the half-life in hours of procainamide in a patient whose total clearance is estimated to be 20 L/h and the volume of distribution is 120 L assuming one compartment, open model, first- order...
-
1. The technologies, such as ChatGPT, has been launched before introducing even a baseline of safety measures. This goes back to trade-offs that companies make, and people just watch the impact from...
-
The cumulative incidence of myocardial infarction is 180.0 new cases per 10,000 persons among individuals with severe hypertension. In contrast, the cumulative incidence of myocardial infarction is...
Study smarter with the SolutionInn App