If Carissa Dalton has a $130,000 home insured for $100,000, based on the 80 percent co-insurance provision,
Question:
If Carissa Dalton has a $130,000 home insured for $100,000, based on the 80 percent co-insurance provision, how much would the insurance company pay on a $5,000 claim?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
480769 ...View the full answer
Answered By
BRIAN MUSINGA
I possess a Bachelors of Commerce degree(Marketing option) and am currently undertaking an MBA in marketing. I believe that I possess the required knowledge and skills to tutor in the subject named. I have also written numerous research academic papers much to the satisfaction of clients and my professors.
5.00+
2+ Reviews
17+ Question Solved
Related Book For
Focus On Personal Finance
ISBN: 9781265521974
7th Edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
Question Posted:
Students also viewed these Corporate Finance questions
-
Jack and Jane are married and own a home insured for $150,000 under an unendorsed HO-3 policy. The replacement cost of the home is $250,000. Personal property is insured for $75,000. Jane has jewelry...
-
The following questions are used in the Kaplan CPA Review Course to study inventory while preparing for the CPA examination. Determine the response that best completes the statements or questions. 1....
-
Jillian Taylor manages the Colorado mortgage processing office of M& S Financial Services. M& S generates mortgage applications via Internet leads that are followed up by a sales force that reports...
-
Sketch the graph and draw several vertical and horizontal traces. (x, y) = sin(x y)
-
Liz, Jay, and Tara discover that sinister chemicals are leaking at a steady rate from a hole in the bottom of a railway car. To collect evidence of a potential environmental mishap, they videotape...
-
What has happened to union membership since the 1950s? Why?
-
Marijuana Use The percent of college students marijuana use for a sample of 95,761 students is shown in the pie chart. Find the probability of each event. (a) Randomly selecting a student who never...
-
What are the advantages and disadvantages to Apple of using an independent third-party auditor, rather than rely solely on its own internal audits?
-
Details of Octagon Limited for the year ending 3 1 December 2 0 1 7 are as follows: Net Income 2 , 0 0 0 , 0 0 0 Preference Dividend 3 0 0 , 0 0 0 Total share authorized 1 5 , 0 0 0 , 0 0 0 Total...
-
Stephen Bergstrom is the new corporate controller of a multinational company that has just overhauled its organizational structure. The company is now decentralized. Each division is under an...
-
What amount would it cost an insurance company to replace a family's personal property that originally cost $18,000? The replacement costs for the items have increased 15 percent.
-
For each of the following situations, what amount would the insurance company pay? a. Wind damage of $785; the insured has $500 deductible. b. Theft of a stereo system worth $1,300; the insured has a...
-
Two students are assigned two pure compounds to investigate. They observe that compound A boils at 37C and compound B at 126C. However, they run out of time to take any additional measurements, so...
-
We have a 1-dimensional data set with 10 records, where x is the attribute and y is the target class. Attribute x takes values with 0.1 increments, from 0.1 to 1. Target class y takes two possible...
-
Hyrdo Billboard Company entered into an angreement to display billboard advertising for Adele Incorporated for 1 0 months for a $ 6 4 , 0 0 0 fixe fee. The agreement also includes a potential $ 6 , 5...
-
Laval produces lighting fixtures. Budgeted information for its two production departments follows. The departments use machine hours (MH) and direct labor hours (DLH). Overhead cost Fabricating $...
-
he Hossain Corporation reported the following balance sheet data for 2 0 X 4 and 2 0 X 3 : 2 0 X 4 2 0 X 3 Cash $ 9 4 , 0 2 5 $ 3 1 , 9 5 5 Available - for - sale debt securities ( not cash...
-
. MTS Corporation earned revenues of $339000, incurred expenses of $206000, and paid dividends of $42000. When Income Summary is closed to Retained Earnings, the amount of the debit or credit to...
-
Capacitors C 1 and C 2 are in series, with voltage V across the combination. Show that the voltages across the individual capacitors are V 1 = C 2 V/(C 1 + C 2 ) and V2 = C 1 V/(C 1 + C 2 ).
-
Juarez worked for Westarz Homes at construction sites for five years. Bever was a superintendent at construction sites, supervising subcontractors and moving trash from sites to landfills. He...
-
(a) Explain to Mark and Kelly why their policy might have been canceled. (b) Use the box on page 306 to give Mark and Kelly some pointers on how to save money when shopping for a new auto insurance...
-
(a) Explain how liability insurance works in the United States. Advise Makiko about which liability insurance limits she should select. (b) Makiko is especially impressed that automobile insurance...
-
You have been talking at a party to some friends about insurance. One young married couple in the group believes that insurance is almost always a real waste of money. They argue, The odds of most...
-
Because of its high dielectric strength, SF6 (sulfur hexafluo-ride) gas is widely used as an insulator and a dielectric in HV applications such as HV transform-ers, switches, circuit breakers,...
-
An eagle is flying horizontally at a speed of 2.9 m/s when the fish in her talons wiggles loose and falls into the lake 4.4 m below. Calculate the magnitude of the velocity of the fish relative to...
-
A 5.0 g bullet moving 325 m/s is shot into a 1.25 kg block, which slides for 1.35 seconds across the surface it is on before coming to rest. What is the average force of kinetic friction between the...
Study smarter with the SolutionInn App