Galina owns a home with a replacement value of $200,000. She insures it for $100,000, and has

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

Question:

Galina owns a home with a replacement value of $200,000. She insures it for $100,000, and has a policy that requires a minimum of 80% coverage. If her home were destroyed completely by a fire, how much of a loss would be covered?

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

See More Books

Posted Date: Apr 04, 2024 01:35 PM

See More Questions

1. Toula and Ian Miller of Lincoln, Nebraska, recently suffered a fire in their home. The fire, which began in a crawl space at the back of the house, caused $24,000 of damage to the dwelling. The...
1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
When a company's bookkeeper started to prepare the monthly bank reconciliation, the cash account showed a balance of P528.600. At the end of the month, the following information was available from...
Find the voltage vo(t) in the circuit of Fig. 18.49. Let i s (t) = 8et u(t) A. 2 1
Define the five traits and skills listed in the chapter that demonstrate professionalism.
A dielectric slab completely fills the space between the plates of a parallel-plate capacitor. The magnitude of the bound charge on each side of the slab is $75 \%$ of the magnitude of the free...
The year-end adjusted trial balance of Hilltoppers Corporation included the following account balances: Cash, $5,000; Equipment, $17,000; Accounts Payable, $3,000; Common Stock, $11,000; Retained...
15 16 17 18 In 1987, an agreement was formulated by the United Nations Environment Programme (UNEP) to freeze the production of "X" to prevent depletion of "Y". "X" and "Y" respectively referred here...
Southwell Ltd, a property development company, sold a property with a carrying amount of 4.5 million for 5 million to Financier Ltd on 1 January 20X4 (the current market value is 5 million)....
Data collected on Home Depot's sales of outdoor driveway lights from the past 75 days are as follows (rounded to the nearest 10). Units Sold Number of Times 0 2 10 4 20 8 30 11 40 21 50 23 60 6 a....
A manual assembly line is to be designed to make a small consumer product. The work elements, their times and the precedence constraints are as follows: Element Time (min) Preceded by 1 -NMI5 2 3 4...
7. Which free-body diagram in Figure 3 describes the relative size of the forces that the passengers on the plane experience when they are 15 seconds into the flight maneuver? a. Diagram A Ob....
What is the output of the following code segment? int number = 3; int *numberPtr = NULL; if (number > 0) numberPtr = &number; if (numberPtr && *numberPtr > 4) printf("The number is %d", "numberPtr);...
Sally tree to choose between two internet plans. Under the first plan Verizon will sell her DSL modem for $17.99, then she must pay $12.99 per month. Under the second plan. ATT will give her 8 modem...
Were you read to as a child? If not do you think you would have a better love for books or have done better in school?
Illini Company, Inc. Balance Sheet as of 12/31/20X0 Assets Current Assets: Cash $1,500,000 Accounts receivable, net 18,000 Inventory 50,000 Total current assets 1,568,000 Equipment 90,000 Goodwill...
Verify that the matrix $M$ in the proof of Theorem 2.6 and Corollary 2.7 is a lower triangular matrix with entries 1 on and below the diagonal. Show that the inverse matrix $M^{-1}$ is a lower...
Find out whether the processes $X(t):=B\left(e^{t} ight)$ and $X(t):=e^{-t / 2} B\left(e^{t} ight), t \geqslant 0$, have the no-memory property, i.e. o(X(t) ta) o(X(t + a) - X(a): t> 0) for a > 0.
Prove the time inversion property from Paragraph 2.15. W

Galina owns a home with a replacement value of $200,000. She insures it for $100,000, and has

Question:

Expert Answer:

The minimum coverage required is 80 of the replacement value Minimum coverage 80 200000 160000 Sinc... View the full answer

Personal Finance

Students also viewed these accounting questions