Leith bought a homeowner's insurance policy when he purchased his new home. He pays an annual...

 

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Leith bought a homeowner's insurance policy when he purchased his new home. He pays an annual premium of $775 for property coverage of $250,000 and liability coverage of $350,000. His deductible is $1,300. Leith pays this premium for 11 years, at which point Leith's dog bites a neighbor walking down his sidewalk. The neighbor sues Leith for $27,000 in medical bills and pain and suffering. Leith submits this as a claim to his homeowner's insurance company. If the claim is approved, how much will Leith's insurance company pay the neighbor? Jadynn is a 43-year-old manager. Her assets and liabilities are listed below. What is the total value of her liabilities? Home Value Mortgage Credit Card Balance Checking Account Car Value Golf Equipment $340,637 $61,660 $9,139 $10,335 $39,675 $23,954 Retirement Portfolio $563,718 Money Market Account $55,825 Leith bought a homeowner's insurance policy when he purchased his new home. He pays an annual premium of $775 for property coverage of $250,000 and liability coverage of $350,000. His deductible is $1,300. Leith pays this premium for 11 years, at which point Leith's dog bites a neighbor walking down his sidewalk. The neighbor sues Leith for $27,000 in medical bills and pain and suffering. Leith submits this as a claim to his homeowner's insurance company. If the claim is approved, how much will Leith's insurance company pay the neighbor? Jadynn is a 43-year-old manager. Her assets and liabilities are listed below. What is the total value of her liabilities? Home Value Mortgage Credit Card Balance Checking Account Car Value Golf Equipment $340,637 $61,660 $9,139 $10,335 $39,675 $23,954 Retirement Portfolio $563,718 Money Market Account $55,825

Answer rating: 100% (QA)

SOLUTION For Leiths homeowners insurance policy his liability covera... View the full answer