help An Insured calls their Broker to let them know they are planning to complete renovations to their home. Whichdescription of the Insured's renovations would require the Broker to recommend purchasing a Builders' Risk policy?OA) Redoing the shingles on the Insured's roof, repainting the inside and outside of the home and refinishing all thekitchen cabinetsOB) Moving one non-weight bearing wall to increase the size of the master bedroom and retiling the masterbathroomOC) Adding a minor addition to the back of the home to increase the size of the kitchen and dining areaOD) Finishing the basement by installing hardwood floors and creating a new bathroom and two additional bedrooms remainingLanguage: English FrançaisFont Size:Your insureds occupy a single family detached dwelling. For economic reasons, they are considering renting the finishedbasement to a tenant. What affect will this have on their Homeowners Policy?OA) None at all. Renting part of a dwelling is not considered a commercial activity.OB) They will have to install a smoke detector in the basement and the policy will then be in full force.OC) The policy will have to be cancelled and re-issued on a Secondary Dwelling form.OD) The policy must be endorsed to declare it is no longer a single family owner-occupied dwelling.

A Builder’s Risk Policy is a type of property insurance that covers buildings and structures that…

An Insured calls their Broker to let them know they are planning to complete renovations to their home. Which description of the Insured's renovations would require the Broker to recommend purchasing a Builders' Risk policy? OA) Redoing the shingles on the Insured's roof, repainting the inside and outside

An Insured calls their Broker to let them know they are planning to complete renovations to their home. Which description of the Insured's renovations would require the Broker to recommend purchasing a Builders' Risk policy? OA) Redoing the shingles on the Insured's roof, repainting the inside and outside

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter17: Making Decisions With Uncertainty

Section: Chapter Questions

Problem 17.6IP

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