What is an actual cash value homeowners policy? What is a replacement cost homeowners policy?

Question:

What is an actual cash value homeowner’s policy? What is a replacement cost homeowner’s policy?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

See More Books

Question Posted: Dec 02, 2015 04:11 AM

See More Questions

Carmen Viers lost everything to a fire and has spent the last 8 weeks living in a motel room at a cost of $4,500. Her dwelling, which was destroyed as a result of a lighting strike, was insured with...
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...
Last year, Brett and Amber Walsh bought a home with a dwelling replacement value of $250,000 and insured it (via an HO-5 policy) for $210,000. The policy reimburses for actual cash value and has a...
Sodium sulfate, Na2SO4 with a mass of 15 g is dissolved in 250 g water. What is the boiling point of the solution? Kb for water = 0.52 C/m a) 100 C b) 100.2 C c) 99.67 C d) 101.2 C c) d) O a) b)
The average American teenager spends well over 8 hours a day in front of a screen, whether smartphone, PC, TV or tablet. One study reported increasing physical isolation among Internet users; it...
A 0.75-m-long metal rod is dropped vertically onto a marble floor. When the rod strikes the floor, it is deter-mined electronically that the impact produces a 4-kHz tone. What is the speed of sound...
A New York firm is offering a new financial instrument called a "happy call." It has a payoff function at time $T$ equal to $\max (.5 S, S-K)$, where $S$ is the price of a stock and $K$ is a...
1. Over the entire five years, what was the time-weighted compound annual rate of return and the comparable rate of return on the market? 2. Was your return more or less volatile than the market? Did...
Using this information listed on the table please help me findTotal debits or credits from the unadjusted trial balanceTotal debits or credits from the adjusted trial balanceTotal revenue which is 2...
On June 12, 2002, Delta Corporation was awarded a $160,000 contract for testing a product. The contract consisted of $143,000 for labor and materials, and the remaining $17,000 was profit. The...
What is the difference between all perils coverage and named perils coverage?
How does homeowners liability coverage work? What does the medical payments provision cover? What does the voluntary property damage provision cover?
The volume of a rectangular block can be calculated using this equation: volume = length x width X height Using this information, copy and complete the table below. height/cm volume of rectangular...
TCP is a very symmetric protocol, but the client/server model is not. Consider an asymmetric TCP-like protocol in which only the server side is assigned a port number visible to the application...
An organization has been assigned the prefix 200.1.1/24 (a class C) and wants to form subnets for four departments, with hosts as follows: There are 145 hosts in all. (a) Give a possible arrangement...
Learn about a key escrow, or key surrender, scheme (for example, Clipper). What are the pros and cons of key escrow?
In stop-and-wait transmission, suppose that both sender and receiver retransmit their last frame immediately on receipt of a duplicate ACK or data frame; such a strategy is superficially reasonable...
You are an Internet service provider; your client hosts connect directly to your routers. You know some hosts are using experimental TCPs and suspect some may be using a greedy TCP with no congestion...
A moist gas (10% carbon dioxide, 70% nitrogen, 20% water vapor by volume) enters a reversible adiabatic turbine at 150 C and 0.4 MPa. The turbine exit pressure is 0.10135 MPa. The inlet volumetric...
How has the globalization of firms affected the diversity of their employees? Why has increased diversity put an additional burden on accounting systems?
What is the difference between the amortization period and the mortgage term?
Describe the various types of mortgage payment frequencies that are available. Which mortgage payment frequencies allow you to pay off your mortgage quickly?
Define and differentiate between a closed mortgage and an open mortgage.
The organisation at which you are employed is keen to use Artificial Intelligence to improve an area of work. This area of work might be related to processes, products, or services. However, your...
How do demographic stochasticity, environmental variation, and dispersal dynamics interact to shape the spatial and temporal dynamics of populations within heterogeneous landscapes?
A company sells merchandise on November 2 at a $4,000 invoice price with terms of 2/10, n/30. The goods cost $2,000. The company uses the net method to record invoices. The customer pays the balance...

What is an actual cash value homeowners policy? What is a replacement cost homeowners policy?

Question:

Step by Step Answer:

To conclude I can say that a cash value polic...View the full answer

Personal Finance

Students also viewed these Corporate Finance questions