Major purposes or advantages of personal umbrella policy

Assignment Help Operation Management

Reference no: EM131758752

1. Fred owns the commercial building that houses his business. The property insurance policy covering the building has an 80% coinsurance clause. If the replacement cost of the building is $2 million and Fred has insured it for $1.2 million on a replacement cost basis, how much would the insurance company pay (ignoring any deductible) if the building were to suffer $200k in damage as a result of a fire?

A. $120k

B. $150k

C. $160k

D. $200k

2. What are some of the major purposes or advantages of a personal umbrella policy?

Reference no: EM131758752

Questions Cloud

The passerby sues ted and abc carpets for negligence : The passerby sues Ted and ABC Carpets for negligence. Is Ted liable? Is ABC Carpets liable?

Homeowner policies is designed for tenants of rental unit : Which of the following homeowner’s policies is designed for tenants of a rental unit?

Personal liability portion of section of homeowner policy : Which of the following situations would be covered under the (Coverage E) personal liability portion of Section II of a homeowner’s policy?

Describe some key elements of title insurance : All of the following statements concerning homeowner’s policy endorsements are correct EXCEPT. Describe some key elements of Title Insurance.

Major purposes or advantages of personal umbrella policy : What are some of the major purposes or advantages of a personal umbrella policy?

Keys to achieving positive outcomes in negotiation : Identify what you believe to be the keys to achieving positive outcomes in negotiation.

Final recommendation with respect to forecasting method : What methods would you use, and why? What is your final recommendation with respect to a forecasting method?

Who are the key stakeholders of the project : Who are the stakeholders of this project? Who are the key stakeholders of the project? What impacts could these requested changes have on the budget?

Each of the three alliances achieves the original intent : Do you think each of the three alliances achieves the original intent and therefore is successful? Why or why not?

User Account

All Pages