Maya Ward had a homeowner's insurance policy with $140,000 of coverage on the dwelling. Would a 90% co-insurance clause be better than an 80% clause in such a policy? Yes or No. Support your answer

Q: Barbara has homeowner’s insurance with $100001 face amount.She recently incurred fire damage of…

A: Insurance refers to the amount that is paid to the insurance provider by the individual or…

Q: Becky Fenton has 75/150/85 automobile insurance coverage. If two other people are awarded $120,000…

A: Insurance Coverage: The amount of risk, responsibility, or possible loss that is covered by an…

Q: Christina owns a condo in South Padre Island. She is considering buying flood insurance for her…

A: There is a 20% chance that the loss would be $100000 and 80% chance that the loss would be zero.

Q: Assume that A contributes $2 000 every end of the year into a retirement account paying 8%. If A…

A: As per the time value of money, a dollar is worth more today than the same dollar in the future.…

Q: After graduating from Concordia, Paulo successfully completed the mandatory real estate training and…

A: Debt to Asset ratio is the proportion of Debt to Total assets of a person or business. It is…

Q: Noah Yobs, age 55, who has $62,000 of AGI (solely from wages) before considering rental activities,…

A: As per the Finance Act, A person has to classify his his income into following 3 categories :…

Q: Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer…

A: The Child and Dependent Care Credit seem to be a nonrefundable tax credit available to taxpayers…

Q: Answer all the subparts a,b,c,d.if answered asap,it would be helpful When their grandad died, Ross…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Darius, age 42, wants to pay no more than $800 a year in life insurance. If the annual life…

A: Life insurance, in general, is a contract where in exchange of the premium, the insurance company…

Q: The property of Vin's Garage is worth $400,000. Vin has a fire insurance policy of $160,000 that…

A: Meaning of Insurance :-  Insurance is a legal agreement between two parties i.e. the insurance…

Q: Required information [The following information applies to the questions displayed below.] Natalie…

A: Several events that occurred during the ownership of an asset affect its cost basis. When a property…

Q: Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer…

A: The child and dependent care credit is a credit available to a taxpayer that helps the taxpayer to…

Q: Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer…

A: * As per the bartleby guidelines, in case of interlinked question answer first 3 only You are…

Q: 15. In 2013, Wesley purchased an LTCI policy with a maximum benefit amount of $400,000 and a…

A: Long Term Care Insurance is taken by people who are of the age 65 years or older or who have a…

Q: Jordan owns and operates Jordan’s Exotic Jouneys (JEJ), a sole proprietorship. JEJ sponsors a…

A: Computation:

Q: Sally invested in a 431,000 condo in North Vancouver 5 years ago with a downpayment of 150,000 and a…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Belinda, a 55 year old single woman with no dependents, has a $75,000 gröup term life insurance…

A: Answer:-  Term life insurance definition:- A term insurance policy is one of the most basic and…

Q: Zachary Lee has a personal automobile policy (PAP) with coverage of $50,000/$100,000 for bodily…

A: A.) Insurance coverage for the given situation Damage to unoccupied car= $2645 Damage to his own…

Q: Darlene wants to buy a $200,000 term life insurance policy. She is 34 years old. Using the premium…

A: Answer with calculation are as follows:

Q: William purchased a universal life policy on his own life. When his son Ben turned 25, William…

A: if we take a loan against life insurance policy then no amount is taxable because policy remain in…

Q: Alex covered his automobile for a total of RO 60,000 with Al Ahlia Insurance and a total of RO…

A: The Insurance is always the safety cover for any mishappening. In case of any mishappening the…

Q: If Carissa has a $140,000 home insured for $110,000, based on the 80 percent coinsurance provision,…

A:

Q: Choosing among types of life insurance.  Camila Rodriguez, a 38-year-old widowed mother of three…

A: Solution A- The needs of different individuals vary and according to their needs different insurance…

Q: There is a 0.0087 probability that a randomly selected 27-year-old male lives through the year. A…

A: Given: Probability of surviving = 0.9987 Probability of not surviving = 1-0.9987 =…

Q: Jen Logan bought a home in Iowa for $110,000. She put down 20% and obtained a mortgage for 30 years…

A: Time period = 30 Years Interest rate = 512%Interest rate = 5.5% Down Payment = 20% Price of home =…

Q: Because Brooklynn has some health issues, she must pay 15% more for life insurance. About how much…

A: Insurance is a type of contract in which the insurance company promises to make the loss into good…

Q: 1. Alex owns a home with a replacement value of $320,000. The homeowners policy has an 80%…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: A 40 year old man in the United States has a 0.199% risk of dying during the next year. An insurance…

A:

Q: Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer…

A: Workings:

Q: Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer…

A: Solution:- Calculation of child and dependent care credit as follows:- Basic information:- Dependent…

Q: Tina Parker, a single mother, is 20 years old. She has called on you for an insurance consultation.…

A: Insurance is a contract between an insurer and an insured in which the insurer undertakes to…

Q: Sharon and Brian are in good health and have reasonably secure careers. Each earns $45,000 annually.…

A: Given: Earning =$45000 each i.e. $$90000Home mortgage=$125000Car loans =$25000Student loan…

Q: Kathy has an account balance in her employer’s money purchase pension plan of $1,000. The plan has a…

A:

Q: As the owner of a business, Karen needs fire insurance. Her building is worth $726,000 and the…

A: Total premium  = Building premium  + content  premium

Q: nother year is 0.99786 based on data from the national registry agency. Calculate the insurance…

A: Solution: Let X be the amount paid by the company to settle the policy. Breakeven is nothing but…

Q: Noah Yobs, who has $97,000 of AGI (solely from wages) before considering rental activities, has…

A: As per the IRS, the collection of rent from property is a passive activity and the losses can be set…

Q: Julie paid a day care center to watch her two-year-old son while she worked as a computer programmer…

A: Your adjusted gross income (AGI) is used by the Internal Revenue Service to determine your tax…

Q: Asma, aged 40, female, purchased an insurance policy from Takaful Insurance with a face value of…

A: Permium per thousand for straight line life policy for female aged 40 = RO 12.46 Annual premium of…

Q: Grace's employer is now offering group-termlife insurance. The company will provide each employee…

A: Given, Insurance Coverage given by Employer = $135,000, Age = 57 years, Cost per $1,000 of…

Q: Steve is the librarian in his city's library. The library provides group disability insurance where…

A: Tax Benefit:-It is a reduction in the tax liability which individual enjoy as per taxation law. It…

Q: Peter Andrus owned an apartment building that he had insured under a fire insurance policy sold by…

A: A contract is an agreement between two or more parties. In case, a contract has all the elements of…

Classification Of Risk

Risk means when there could be a possibility that the returns expected from a particular project or investment may or may not match the investor's expectations. In other words, the uncertainty of an income arising from a source that would either be lower than expected or result in losses in risk exposure of the project. The higher the risk involved, the higher is the return expected by the investor as the investor is exposed to a high level of risk. There are various methods by which different types of risk can be assessed and avoided or mitigated.