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10. Suppose the insured has a $75,000 liability loss that is covered under his homeowners policy and another liability policy. The homeowners liability limit is $100,000; the other policy's limit is $50,000. The other liability policy is not written to be excess over the homeowners policy. How much would the homeowners policy pay for this loss? * S25,000 S50.000 O 575.000 O $100.000

10. Suppose the insured has a $75,000 liability loss that is covered under his homeowners policy and another liability policy. The homeowners liability limit is $100,000; the other policy's limit is $50,000. The other liability policy is not written to be excess over the homeowners policy. How much would the homeowners policy pay for this loss? * S25,000 S50.000 O 575.000 O $100.000

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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10. Suppose the insured has a $75,000 liability loss that is covered under his homeowners policy and another liability policy. The homeowners liability limit is $100,000; the other policy's limit is $50,000. The other liability policy is not written to be excess over the homeowners policy. How much would the homeowners policy pay for this loss? * S25,000 S50.000 O S75,000 O $100.000
Transcribed Image Text:10. Suppose the insured has a $75,000 liability loss that is covered under his homeowners policy and another liability policy. The homeowners liability limit is $100,000; the other policy's limit is $50,000. The other liability policy is not written to be excess over the homeowners policy. How much would the homeowners policy pay for this loss? * S25,000 S50.000 O S75,000 O $100.000
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