Heather owns a home with a replacement cost of $400,000 that is insured under a Homeowners 3
Question:
Ignoring any deductible, how much will Heather collect from the insurer?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
Heather does not carry insurance at least equal to 80 percent of the replacement cost o...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
Question Posted:
Students also viewed these Corporate Finance questions
-
Craig owns a home with a replacement cost of $200,000 that is subject to a $100,000 mortgage held by First Federal as the mortgagee. Craig has the home insured for $160,000 under the HO-3 policy, and...
-
Carolyn owns a home with a replacement cost of $400,000 that is insured under a Homeowners 3 policy for $280,000. The roof was badly damaged in a severe windstorm, and it will cost $20,000 to repair...
-
Joseph is the named insured under a Homeowners 3 policy (special form) with a liability limit of $100,000 per occurrence and a $1000 limit for medical payments to others. For each of the following...
-
Question. Consider the inverse demand function P=20-Q and the inverse supply function P=2+Q. Find (a) equilibrium price P* and Q*, (b) consumers surplus (CS), producers surplus (PS) and the total...
-
A sales representative receives a commission of 16 2/3% on all sales. How much must 3 his weekly sales be so that he will make a commission of $720 per week?
-
In problem 19.11, suppose you want only $500 total in dividends the First year. What will your homemade dividend be in two years? In problem 19.11 You own 1,000 shares of stock in Avondale Corp. You...
-
You are managing a pension fund with a goal of maximizing the long-term growth rate. There are three assets available. Asset 1 has a risk-free return of 5%. Assets 2 and 3 each are driven by...
-
1. As of 2017, what type of manufacturing process did LWT appear to be using? What level of customization was it offering? Where was the point of customization? 2. Using Table 3.2 and Figure 3.12 as...
-
Find secondary data on a product or company you are interested in. When you obtain the data, please share what you found in the information and its impact on your marketing or market research effort
-
1. What would you recommend to Sebastian at this point? 2. What would you recommend to Alfonso?
-
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...
-
Tom and Cindy Jones insured their home and personal property under an unendorsed Homeowners 3 policy. The home has a current replacement cost of $300,000. The policy contains the following limits:...
-
Comparative income statements of Pek Corporation and Slo Corporation for the year ended December 31, 2013, are as follows (in thousands): Pek Slo Sales ........................... $6,400...
-
The parties, by and large, do not dispute the material facts. The Defendant, Phuong Le, is a 49-year-old who lived in Vietnam until 1991 . . . Le and his family, including his first wife, moved to...
-
Consider three of the following value propositions: systems solutions, corporate social responsibility, superior customer relationships, quality, and value. For each of these, think of two firms not...
-
Visible criticism has been levelled at the bottled water industry, including the claim that their product is not better than tap water in many locales (some brands are even said to have an unpleasant...
-
Develop a scenario based on the proposition that electric cars will continue to improve and take $15 \%$ of the automotive market in a few years. Analyse it from the point of view of an energy...
-
Consider one of the following firms. Read the description of a business strategy in the text. Go to the firm's website and use it to gain an understanding of the business strategy. Look at elements...
-
Search online and compare profits from Google, Apple, and other leading tech firms with those of major media firms and other non tech industry leaders. How have profits at firms such as Google and...
-
Air pollution generated by a steel mill is an example of a) a positive production externality. b) a negative production externality. c) a public good. d) the free-rider problem. State and local taxes...
-
There are always some close substitutes for the product any firm sells; therefore, the theory of monopoly (which assumes no close substitutes) cannot be useful. Comment.
-
Chrysler, the automotive manufacturer, had a beta of 1.05 in 1995. It had $13 billion in debt outstanding in that year and 355 million shares trading at $50 per share. The firm had a cash balance of...
-
You are trying to estimate the beta of a private firm that manufactures home appliances. You have managed to obtain betas for publicly traded firms that also manufacture home appliances. The private...
-
Boise Cascade also had debt outstanding of $1.7 billion and a market value of equity of $1.5 billion; the corporate marginal tax rate was 36%. a. Assuming that the current beta of 0.95 for the stock...
-
Vanessa is the Chief Financial Officer for a US company. It is a large multinational company whose annual revenues exceed $5.0B and its shares are trade on the New York Stock Exchange. The FCPA...
-
Mark all questions that should be asked when preparing the risk strategy, according to lecture. Group of answer choices Who is responsible for the risk? What are the costs and benefits of these...
-
How can a company determine the correct value of its fixed assets? According to you, how does the depreciation of fixed assets affect the accounting and finances of a company? In your opinion, what...
Study smarter with the SolutionInn App