Blank 1 Options: $5,000 / $3,000 / $1,500 / or $3,500

Blank 2 Options: $1,500 / $3,500 / $3,000 / or $5,000

However, instead of protecting against every possible cause of loss, property insurance policies generally restrict their protection to carefully specified causes of loss and specifically exclude causes that the insurance companies don't wish or can't afford to cover. Which of the following are typical causes of loss that are usually limited or excluded from most homeowner's or automobile insurance policies? Check all that apply. Mysterious disappearance O Windstorms O Fire 0 Nuclear radiation Akiko's Story : Actual Cash Value vs. Replacement Cost Coverage Akiko owns a house in and last week suffered some damage to her house. Specifically, a portion of her home was damaged by a fire and the damage to the structure and her personal property is expected to have a replacement cost of $5,000. The same items, which had an original cost of $1,500 when she'd bought them seven years ago, had an estimated useful life of ten years. After calling her insurance agent, Akiko was reminded that she carries full insurance on, or 80% of the replacement cost value of the house. However, to save $60 per year in her premium, she'd only covered her possessions for their actual cash value. Given this information, Akiko can expect to receive only in compensation for her loss. In contrast, if she had carried replacement cost, instead of actual cash, coverage, then she would have received However, instead of protecting against every possible cause of loss, property insurance policies generally restrict their protection to carefully specified causes of loss and specifically exclude causes that the insurance companies don't wish or can't afford to cover. Which of the following are typical causes of loss that are usually limited or excluded from most homeowner's or automobile insurance policies? Check all that apply. Mysterious disappearance O Windstorms O Fire 0 Nuclear radiation Akiko's Story : Actual Cash Value vs. Replacement Cost Coverage Akiko owns a house in and last week suffered some damage to her house. Specifically, a portion of her home was damaged by a fire and the damage to the structure and her personal property is expected to have a replacement cost of $5,000. The same items, which had an original cost of $1,500 when she'd bought them seven years ago, had an estimated useful life of ten years. After calling her insurance agent, Akiko was reminded that she carries full insurance on, or 80% of the replacement cost value of the house. However, to save $60 per year in her premium, she'd only covered her possessions for their actual cash value. Given this information, Akiko can expect to receive only in compensation for her loss. In contrast, if she had carried replacement cost, instead of actual cash, coverage, then she would have received