What is the basis for mr. ferrell claim for the necessity

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Reference no: EM133358935

Questions: J arnle and Ross decided to conduct a checkup on their homeowner's insurance policy. They noticed that they had omitted covering Jamie Lee's diamond wedding band set in their policy. What if it got lost or stolen? It was a major purchase, and bBSIdes the emotional value, the cost to replace the diamond jewelry would be very high. What type of policy should Jamie Lee and Ross consider to cover the wedding rings?

1. MI. Ferrell, Jamie Lee and Ross's insurance agent, suggested a flood insurance policy In addition to their regular homeowner's policy. Jamie Lee and Ross looked quizzically at the agent, as they do not live within 2 miles of a body of water. What is the basis for Mr. Ferrell's claim for the necessity of the ?ood policy?

2. Using Your Personal Financial Plan Sheet 27, create a home inventory for Jamie Lee and Ross. Consider items of value that may be located in each of the rooms of the house and determine a dollar amount for each item. What is the total cost of the items? .

3. Considering the value of Jamie Lee and Ross's automobiles, what type for them? insurance coverage would you suggest

4. What financial sn'ate weald you suggest to Jamie Lee and Ross to enable them to save mom a . 'umS? of automobile

Reference no: EM133358935

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