H and W bought a $200,000 insurance policy on their house. H also bought a $500,000...

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H and W bought a $200,000 insurance policy on their house. H also bought a $500,000 insurance policy on the life of W. Later when H and W divorced, H transferred his interest in the house to W and moved in with GF. H and W did not change the insurance policies. A few months later, a tragic fire killed W and caused $100,000 damage to the house. How much does H receive under the property insurance policy? A. B. How much does H receive under the life insurance policy? H and W bought a $200,000 insurance policy on their house. H also bought a $500,000 insurance policy on the life of W. Later when H and W divorced, H transferred his interest in the house to W and moved in with GF. H and W did not change the insurance policies. A few months later, a tragic fire killed W and caused $100,000 damage to the house. How much does H receive under the property insurance policy? A. B. How much does H receive under the life insurance policy?

Answer rating: 100% (QA)

SOLUTION A The property insurance policy covers the house which at t... View the full answer