NJ Property Casualty Insurance Exam (6)

As an insurance agent, use tables Table 19-6 and Table 19-7 to calculate the annual premium (in $) for the client. Name: Denner Territory Driver Class Bodily Injury Property Damage Model Class 2 2 100/300 50 C Vehicle Age Comprehensive Deductible Collision Deductible Rating Factor Annual Premium 4 $100 $250 none $

Question 15: If the Coverage A limit on an HO 3 is $200000 and the insured has a detached garage valued at $50000 what would they need to do? Question Value: 1 O Use the HO 04 48 endorsement to add $30000 to Coverage B O Use endorsement HO 04 48 to add $50000 to Coverage B O The garage is automatically covered for its full value under Coverage B O A separate policy must be written to cover the garage

Auto insurance options offered by AA Auto Insurance are outlined in the table below. What monthly payment would you expect for an insurance polier through A Auto Insurance with the following options? Bodily Injury: S50/100,000 Property Damage: $100,000 Collison: S100 deductible Comprehensive: $100 deductible a.$845 b. $350 c. $7O d. $67

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Answer only patrs D  Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

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Use the following information to answer questions 29-31 Danielle has the following personal property and liability coverages in place. No other endorsements are in place. The liability limits meet the minimum requirements of the umbrella insurer. Homeowners 3 Policy Coverage A: $250,000 Coverage B: $25,000 Coverage C: $125,000 Coverage D: $75,000 Coverage E: $300,000 Coverage F: $1,000 Personal Auto Policy Coverage A: 250/500/50 Coverage B: $5,000 Coverage C: 100/300 Personal Umbrella Policy $1,000,000 limit $250 self-insured retention 29. Danielle is driving to the store and runs a stop sign, causing an accident. The other driver is awarded $300,000 in damages as a result of the accident. Covered (by any policy): Yes / No HO3 Amount: $ PAP Amount: $ Umbrella Amount: $ 30. Danielle is hosting a party at her house for her daughter's high school graduation. One of her daughter's friends in attendance slips on the freshly refinished wood floors and is severely injured. The friend sues and…

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Which of the following items would not automatically be covered under an HO-3 form?   the insured’s driveaway, if damaged by falling object The insured’s pedigreed collie valued at $6000 or $7000 A lawnmower in the insured’s garage personal property of the insured’s daughter who is away from college

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Which type of risk attitude is exhibited by a property owner who decides to buy property insurance with a higher deductible in order to lower premium costs? a. risk obsessed b. risk seeking c. risk avoiding d. risk optimizing.  Need typed answer only.Please give answer within 45 minutes

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Barbara has homeowner’s insurance with $100001 face amount.She recently incurred fire damage of $50000 during the policy period. If the insurer values the home to be $150000, what would her insurance benefit before the deductible?   Choices:  $33334 $100000 $0 $50001

Required information Problem 14-61 (LO 14-5) (Algo) [The following information applies to the questions displayed below.] Alexa owns a condominium near Cocoa Beach in Florida. In 2023, she incurs the following expenses in connection with her condo: AGI Insurance Mortgage interest Property taxes Repairs & maintenance Utilities Depreciation $ 2,500 7,250 2,400 1,650 3,500 15,750 During the year, Alexa rented out the condo for 100 days. She did not use the condo at all for rsonal purposes during the year. Alexa's AGI from all sources other than the rental property is $200,000. Unless otherwise specified, Alexa has no sources of passive income. Problem 14-61 Part a (Algo) Assuming Alexa receives $22,000 in gross rental receipts, answer the following questions: Note: Leave no answer blank. Enter zero if applicable. a. What effect does the rental activity have on her AGI for the year?

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Cost of the Home $ Down Payment A: % Down Payment B: % Down Payment C: % Down Payment Amount Your equity (financial contribution to the purchase of the home) $ $ $ Initial Mortgage Required (cost of home down payment) $ $ $ Not for the mortgage itself, but for insurance on the mortgage so be sure to use the tool provided to find the correct rate according to the regulations Mortgage Insurance RATE (if applicable) % % % Mortgage Insurance DOLLAR AMOUNT (if applicable) $ $ $ Final

paads ssaan neready.frameworkhomeownership.org/Student/MyCourse.aspx?id%3Dfbd93f8d-8ac9-466a-ac3f-28d560154a88 4. Finding the Right Home DFinding the Right Home indi Caps Lock is on Question 4 of 8 When you have an exclusive contract with a real estate agent, you can Select the best answer. still work with other agents, as long as you disclose that you're doing it O work with only the seller's broker for 30 days Owork with only buyer's brokers Be Ho O work with only that agent 3 TOPICS o search 77'E R

Required information Problem 6-55 (LO 6-3) (Algo) [The following information applies to the questions displayed below] Stephanie is 12 years old and often assists neighbors on weekends by babysitting their children. Calculate the 2023 standard deduction Stephanie will claim under the following independent circumstances (assume that Stephanie's parents will claim her as a dependent). Problem 6-55 Part-c (Algo) c. Stephanie reported $17,920 of earnings from her babysitting. $ 18,320 Standard deduction

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Tests - FINA22 Class Kapoor, Personal Finance M MHE Reader https player-ui.mheducation.com epub/sn_7cac#epul 12. Determining What Amount the Insurance Company will Pay for the Damages. Eric and Susan just purchased their first home, which cost $130,000. They purchased a homeowner's policy to insure the home for $120,000 and personal property for $75,000. They declined any coverage for additional living expenses. The deductible for the policy is $500. Soon after Eric and Susan moved into their new home, a strong windstorm caused damage to their roof. They reported the roof damage to be $17,000. While the roof was under repair, the couple had to live in a nearby hotel for three days. The hotel bill amounted to $320. Assuming the insurance company settles claims using the replacement value method, what amount will the insurance company pay for the damages to the roof?