How much insurance should they have carried to meet the, Financial Management

+44 141 628 6080
[email protected]

How much insurance should they have carried to meet the

Don and Judi had a $150,000 repair bill on their home after the tornado went through town. Their policy contained the usual 80% co-insurance clause. Their home's replacement value was $450,000; their policy coverage was $300,000 with a $500 deductible.(Round your percentage calculation to nearest whole number.)

a. How much insurance should they have carried to meet the co-insurance obligation?

b. What percentage of this loss will the insurance company pay?

c. How much of the loss will Don and Judi have to absorb? (Show all work.)

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Financial Management: How much insurance should they have carried to meet the

Reference No:- TGS02798836

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Asked Questions

Develop a comprehensive marketing strategy

Conduct market research to identify target audience and their needs. - Create a branding and messaging strategy to communicate the project's

Conducting a survey to learn about employee satisfaction

While conducting a survey to learn about employee satisfaction, a data analyst notices that the majority of respondents are people who work in the operations

Where average employee satisfaction is highest

Productivity is higher at agencies where average employee satisfaction is highest.

Describe challenge as it applies to current-future position

Hello professor and class, Describe the challenge as it applies to your current or future position. - Currently my position requires me to keep up with the new

Promoting sustainable living and community engagement

Our group proposes to initiate a Community Garden Project aimed at promoting sustainable living and community engagement in our local area.

Apply positive leadership skills in pursuit of social change

You will describe how you will apply positive leadership skills in pursuit of social change, be it in your professional or personal life.

Identify the true statements about technology

Identify the true statements about technology. Multiple select question. It influences the workflow, systems, philosophy, and structure of an organization

Request for Solution File

Ask an Expert for Answer!!

Financial Management: How much insurance should they have carried to meet the

Reference No:- TGS02798836

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Management

Q : Calculate the net present value of the above project for

Q : As part of a strategy to capitalize on the expected

Q : If the flotation cost is 2 of the issue proceeds then what

Q : Assuming the company completes the project on schedule what

Q : How much insurance should they have carried to meet the

Q : Suppose the firm has no debt and pays out its net income as

Q : Determine interest rates on deposits and loans calculate

Q : Write a memo to your partner citing the relevant tax

Q : What percentage rise or fall does this represent in terms