Suppose you have a house that has a mother-in-law apartment (or what Australians call a 'granny...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Suppose you have a house that has a mother-in-law apartment (or what Australians call a 'granny flat') in which your granny lives. It is separate from the main house. a) Your granny has a boyfriend, and he visits all the time. Is your granny's boyfriend considered an insured under your homeowner's policy? (1 point) b) Suppose that you host your granny and her boyfriend for dinner in the main house. He's never been up to the main house before, and, while looking for the bathroom, accidentally falls down the basement stairs. Will your insurance policy pay his medical expenses? (1 point) c) Suppose that your granny wants to contribute to your household, so she tends to the garden while you're at work. A problem with the toaster oven in the granny flat starts a small fire. The insurance company claims that your granny's gardening work makes this a rental property, and denies your claim. Are they correct? Defend your argument. (2 points) Suppose you have a house that has a mother-in-law apartment (or what Australians call a 'granny flat') in which your granny lives. It is separate from the main house. a) Your granny has a boyfriend, and he visits all the time. Is your granny's boyfriend considered an insured under your homeowner's policy? (1 point) b) Suppose that you host your granny and her boyfriend for dinner in the main house. He's never been up to the main house before, and, while looking for the bathroom, accidentally falls down the basement stairs. Will your insurance policy pay his medical expenses? (1 point) c) Suppose that your granny wants to contribute to your household, so she tends to the garden while you're at work. A problem with the toaster oven in the granny flat starts a small fire. The insurance company claims that your granny's gardening work makes this a rental property, and denies your claim. Are they correct? Defend your argument. (2 points)
Expert Answer:
Answer rating: 100% (QA)
a No your grannys boyfriend is not considered an insured under your homeowners policy as he is not a resident of the house b Yes your insurance policy ... View the full answer
Related Book For
Making Hard Decisions with decision tools
ISBN: 978-0538797573
3rd edition
Authors: Robert Clemen, Terence Reilly
Posted Date:
Students also viewed these finance questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
-
The core problem of a command-and-control approach to environmental policy is its inherent bias or tendency to standard-setting practice that is uniformly applicable to all situations. For example,...
-
Below are balance sheet and income statement data for Judy Maxwell Company. Additional information for Judy Maxwell Company is as follows: (a) Property, plant, and equipment with an original...
-
Demonstrate your understanding of both classical and operant conditioning. Think about your current behaviors such as, studying, driving, playing sports, exercise, or eating patterns. Then, select...
-
All Aboard Ltd is preparing a quarterly budget covering the 3 months ending 30 June 2025. The information available for the budget is as follows. 1. Cash sales represent 40% of all monthly sales; 60%...
-
Suppose that a product must go through an assembly line that consists of five sequential operations. The time it takes to complete each operation is normally distributed with a mean of 180 seconds...
-
Multiply: (3x-1) (2x + 7y-9) Select the correct
-
Write the shear and momentfunctions and draw shear and moment diagrams for the following frames: (a) Support A is a roller, B and C are fixed and support C is a pin.
-
You have an avocado tree, which grows 100 avocados this year, 50 next year. Your neighbor has an avocado tree, which grows 0 avocados this year, 150 next year. Under agreement "1 today = 2 tomo". Let...
-
Think of a new type of business you would like to start up or manage. Which sources would you use to recruit employees who could help you make it a success?
-
What is present bias? Illustrate with some everyday examples.
-
You are a pricing manager at a pharmaceutical company. The CEO of the company calls a meeting of all managers to explain that it is critical to increase revenue soon or you may have to start laying...
-
How are discount functions in behavioural economics different from discount functions in standard economics? How are they similar and how can they be reconciled?
-
What is the current status of the Doha Round of multilateral trade negotiations? Is the agreement moving forward?
-
11. Home Depot and Lowes are two American home improvement firms with a large number of retail stores that sell tools, home appliances, construction products and services. If you search for their...
-
The Adjusted Trial Balance columns of a 10-column work sheet for Webber Co. follow. Complete the work sheet by extending the account balances into the appropriate financial statement columns and by...
-
Suppose you are interested in an investment with an uncertain return. You think that the return could be modeled as a normal random variable with mean $2,000 and standard deviation $1,500. What is...
-
A stock market investor has $500 to spend and is considering purchasing an option contract on 1,000 shares of Apricot Computer. The shares themselves are currently selling for $28.50 per share....
-
Explain in your own words why it is important to consider the ranges of the consequences in determining a trade-off weight.
-
What is the difference between real objects and virtual objects? Give an example for each.
-
Give a superclass for the following three classes: car, airplane, tank.
-
How do business classes differ from utility classes? Provide one example for each.
Study smarter with the SolutionInn App