Reference no: EM13921725
Answer the following questions about an unendorsed HO-3 policy with the following limits. The replacement cost on the swelling is $220,000.
Coverage A: 200,000
Coverage B: $20,000
Coverage C: $100,000
Coverage D: $60,000
Coverage E: $100,000
Coverage F: $1,000
1) Jerry Seinfeld purchase the above Homeowners 3 policy. A few months later his stamp collection was destroyed by an explosion. Jerry had recently had his stamp collection valued by an appraiser for $10,000. The actual cash value of the stamp collection is $8,000. Ignoring a deductible, how much will jerry receive from the insurer?
2) Jerry Seinfeld purchased the above Homeowners 3 policy. A few months later his unattached garage was destroyed by a tornado. The replacement cost of the unattached garage is $24,000 and his garage was depreciated 40%. Ignoring a deductible, How much will Jerry receive from the insurer.
3) Jerry Seinfeld purchased the above Homeowners 3 policy. A few months later he is mowing the lawn and a mower blade flies off and injures his neighbor, Cosmo Kramer. Kramer sues jerry for negligence and is awarded $150,000 by a jury. How much does Jerry owe Kramer after accounting for what the insurer pays?
4) Jerry Seinfeld purchased the above homeowners 3 policy. A few months later he has a party and a guest, George Costanza, gets injured accidently while playing a game of twister. What coverage would best apply to this situation and how much would George get?
|
Show graphically the effect of canadian strikes on market
: Show graphically the effect of Canadian strikes on the market for nickel. Given the information above, what's the price elasticity of the world demand for nickel over the relevant price range?
|
|
Integrated freight and supply chain services
: Catacomb, Inc. is a globallogistics provider that offers fully integrated freight and supply chain services through managed warehousing and domestic and international freight forwarding.
|
|
Which form of adr is most likely being used here
: Red Resource Inc. and Coral Techno Inc. are in a dispute over a contract. They decide to use a form of alternative dispute resolution (ADR) to settle the dispute. Both the parties, along with their respective lawyers, meet to discuss the issue. Ho..
|
|
Article for a theological journal arguing
: Scroll to Chapter 7 in your GRST online textbook (found in the Reading & Study folder) and complete Practice 7.2. For each of the following five scenarios, thoroughly describe what sorts of academic evidence you think will be most persuasive and w..
|
|
Replacement cost of the unattached garage
: Jerry Seinfeld purchased the above Homeowners 3 policy. A few months later his unattached garage was destroyed by a tornado. The replacement cost of the unattached garage is $24,000 and his garage was depreciated 40%. Ignoring a deductible, How much ..
|
|
What is nhst and describe the assumptions of the model
: What is the difference between a statistically significant result and a clinically or "real world" significant result? Give examples of both. What is NHST? Describe the assumptions of the model.
|
|
Initial cash flow attributable to net working capital
: Junior's has a new project in mind that will increase accounts receivable by $20000, increase accounts payable by $15000, increase fixed assets by $13000, and decrease inventory by $10000. What is the amount the firm should use as the initial cash fl..
|
|
The interest on some municipal bonds is tax free
: The interest on some municipal bonds is tax free, in contrast to the interest on corporate bonds. If the current annual interest rates on otherwise similar (i.e., maturity, credit risk, liquidity) municipal and corporate bonds are 1.48% and 1.80%, re..
|
|
Fargo memorial hospital has annual net patient service
: Fargo Memorial Hospital has annual net patient service revenues of $14,400,000. It has two major third-party payers, plus some of its patients are self-payers. The hospital's patient account manager estimates that 10 percent of the hospital's paying ..
|