How much would the insured recover in each of these situations? (Ignore any dollar or time deductibles.)

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a)Coverage: Business income coverage with 120-day Maximum Period of Indemnity option, $100,000 limit.

Loss:

Month 1 - $40,000

Month 2 - $30,000

Month 3 - $20,000

Month 4 - $14,000

Month 5 - back in business

b)Coverage: Business income coverage with Monthly Limit of Indemnity option; 1/6 is the faction shown in the declarations, $120,000 limit.

Loss:

Month 1 - $40,000

Month 2 - $30,000

Month 3 - $20,000

Month 4 - $14,000

Month 5 - back in business

Related Book For answer-question

Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: Feb 20, 2024 06:30 AM

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How much would the insured recover in each of these situations? (Ignore any dollar or time deductibles.)

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Personal Finance Turning Money into Wealth

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