Question: A contractor is constructing a free - standing garage behind Ernie s home at a cost of $ 3 5 , 0 0 0 .

A contractor is constructing a free-standing garage behind Ernies home at a cost of $35,000. The garage will house Ernies cars which are currently parked outdoors. There are no other outbuildings on the property. Ernies home is insured under a homeowners policy for its full insurable value of $400,000. What, if anything, does Ernie need to do to ensure that he has full coverage for both his home and his garage?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

please help with the assignment to answer the following question : Which currency is Open Safari's presentation currency? Which currency is Open Safari's functional currency? Note: you will need to...

Q:

3 1 . A contractor is constructing a free - standing garage behind Ernie's home at a cost of \ ( \ $ 3 5 , 0 0 0 \ ) . The garage will house Ernie's cars which are currently parked outdoors. There...

Q:

A contractor is constructing a free - standing garage behind Ernie s home at a cost of $ 3 5 , 0 0 0 . The garage will house Ernie s cars which are currently parked outdoors. There are no other...

Q:

23 Nickel and Dimed: On (Not) Getting By in America BARBARA EHRENREICH Major changes in welfare legislation in 1996 eliminated cash payments to millions of America's poor, requiring them to find...

Q:

Int. J. Business Excellence, Vol. X, No. Y, xxxx From stale to spicy to superb: a spanking new Apple John Wang* Department of Information and Operations Management, Montclair State University,...

Q:

Hello! I need help with this project. The first part have to be done for this week. Thank you! South-Western Federal Taxation 2016: Individual Income Taxes 1 of 13...

Q:

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

Please submit a scanned or photographed copy of your carefully hand-written solutions to the Topic 6 homework problems. (If you take photographs of individual pages with your phone or other device,...

Q:

BMGT 380 - Final Exam Questions for E-resources - Fall 2014 Multiple Choice: 1 point each 1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the...

Q:

Five years after buying his first sewing machine, Scott Hunter was telling friends about the conversation with Yvon Chouinard, the legendary rock climber and environmental advocate who founded the...

Q:

What is the guiding principle behind most of the important U. S. securities legislation? What role does the security registration process play in implementing this philosophy?

Q:

Suppose that Reddy Mikks sells its exterior paint to a single wholesaler at a quantity discount. 1l1e profit per ton is $5000 if the contractor buys no more than 2 tons daily and $4500 otherwise....

Q:

the weight of a fully loaded elevator is a normally distributed random variable with E [ W ] = 1 0 0 0 kg and a coefficient of variation of 6 percent

Q:

Premise: Using a dictionary and list, create a set of key / value pairs that consists of a musical database. The key / value pairs should consist of Artist Name: Song Names pattern. For example, EACH...