User Account

All Pages

Freemans about homeowner coverage

Assignment Help Finance Basics
Reference no: EM131360720

Last year Joseph and Sarah Freeman bought a home with a dwelling replacement value of $250,000 and insured it (via an HO-3 policy) for $310,00. The policy reimburses for actual cash value and has a $500 deductible, standard limits for coverage C items, and no scheduled property coverage. Recently, burglars broke into the house and stole a 2-year old television set with a current replacement value of $800 and an estimated useful life of 6 years. They also took jewelry valued at $2,500 and silver flatware valued at $4,500.

If the Freeman's policy has an 80% coinsurance clause, do they have enough insurance to cover the theft?

Assuming a 50% coverage C limit, calculate how much the Freemans would receive if they filed a claim for the stolen items.

What advice would you give the Freemans about their homeowner's coverage?

Reference no: EM131360720

Questions Cloud

Explain how the change was communicated : Explain how the change was communicated. Identify which leaders were involved in the communication. Identify the change model (if possible).
Available with regard to managing working capital : What types of strategies are available with regard to managing working capital? 250 words minimum
What are attributes of transformational style of leadership : What are the key attributes of the transformational style of leadership? Explain why you think these attributes are required of a transformational leader.
Describe the culturally based assumptions of the poem : Using the poem "Black Woman," by Georgia Douglas Johnson, describe the culturally based assumptions that are reinforced by this poem.
Freemans about homeowner coverage : If the Freeman's policy has an 80% coinsurance clause, do they have enough insurance to cover the theft?
What have you learned about statistics : BUS 308- The question to address is, what have you learned about statistics? In developing your responses, consider-at a minimum-and discuss the application of each of the course elements in analyzing and making decisions about data.
Decisions on interest rates : Make decisions on interest rates for the 16 quarters. Summarize the changes you chose and explain your results. Do you still have a job? Why or why not?
Compare and contrast some of the educational opportunities : Compare and contrast some of the educational opportunities that can be created via digital learning and classroom technology versus in the standard face-to-face environment.
Debate about encryption technologies : Debate about encryption technologies and conduct additional research into the subject. Compare and contrast the viewpoints and opinions of lawmakers, law enforcement, and other citizen groups.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd