If the market value of your home is $250000, but the replacement cost of the structure is $190000, how much homeowner's insurance should you have? • $60000 O $250000 O $190000 O $440000 Kimberly has a homeowner's insurance policy. Her home was broken into, and $5200 worth of possessions were stolen. If her deductible is $2200, how much coverage will her insurance company pay for the loss? O so • $3000 O $5200 O $2200 Dorothy Taylor has a personal auto policy with coverage limits of 20/40/15. Dorothy has collision coverage with a $250 deductible She runs a red light and causes an auto accident in which three people are injured. Each of them sues her for $19900 in personal injury and $5000 for vehicle damage (there is no injury to Dorothy or her car). How much will Dorothy have to pay out of pocket, and how much will her insurer pay? Dorothy pays $19700 and insurer pays $55000 O Dorothy pays $5000 and insurer pays $59700 O Dorothy pays $0 and insurer pays $64700 O Dorothy pays $19950 and insurer pays 54450
If the market value of your home is $250000, but the replacement cost of the structure is $190000, how much homeowner's insurance should you have? • $60000 O $250000 O $190000 O $440000 Kimberly has a homeowner's insurance policy. Her home was broken into, and $5200 worth of possessions were stolen. If her deductible is $2200, how much coverage will her insurance company pay for the loss? O so • $3000 O $5200 O $2200 Dorothy Taylor has a personal auto policy with coverage limits of 20/40/15. Dorothy has collision coverage with a $250 deductible She runs a red light and causes an auto accident in which three people are injured. Each of them sues her for $19900 in personal injury and $5000 for vehicle damage (there is no injury to Dorothy or her car). How much will Dorothy have to pay out of pocket, and how much will her insurer pay? Dorothy pays $19700 and insurer pays $55000 O Dorothy pays $5000 and insurer pays $59700 O Dorothy pays $0 and insurer pays $64700 O Dorothy pays $19950 and insurer pays 54450
PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter10: Protecting Your Property
Section: Chapter Questions
Problem 4FPE
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