Your insured's personal property is insured under a Tenant's Comprehensive policy for $80,000 with a $250 deductible. He/she suffers a total fire loss. The inventory of $90,000 includes $7,000 in jewellery and furs. How much will the insurer pay in settlement of the loss? OA) $77,750.00 OB) $79,750.00 OC) $90,000.00 OD) $80,000.00 Dmytro has a personal Automobile Insurance policy. While walking to the store, Dmytro is struck by Lisa's vehicle, sustaining non-catastrophic injuries. Which policy would respond first to Dmytro's injuries of any? OA) No coverage will respond, because Dmytro was not driving a vehicle when the incident occurred. OB) Dmytro's Automobile Insurance Policy OC) Lisa's Automobile Insurance Policy OD) Lisa's Homeowner's Policy
Your insured's personal property is insured under a Tenant's Comprehensive policy for $80,000 with a $250 deductible. He/she suffers a total fire loss. The inventory of $90,000 includes $7,000 in jewellery and furs. How much will the insurer pay in settlement of the loss? OA) $77,750.00 OB) $79,750.00 OC) $90,000.00 OD) $80,000.00 Dmytro has a personal Automobile Insurance policy. While walking to the store, Dmytro is struck by Lisa's vehicle, sustaining non-catastrophic injuries. Which policy would respond first to Dmytro's injuries of any? OA) No coverage will respond, because Dmytro was not driving a vehicle when the incident occurred. OB) Dmytro's Automobile Insurance Policy OC) Lisa's Automobile Insurance Policy OD) Lisa's Homeowner's Policy
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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
Transcribed Image Text:Your insured's personal property is insured under a Tenant's Comprehensive policy for $80,000 with a $250 deductible.
He/she suffers a total fire loss. The inventory of $90,000 includes $7,000 in jewellery and furs. How much will the
insurer pay in settlement of the loss?
OA) $77,750.00
OB) $79,750.00
OC) $90,000.00
OD) $80,000.00

Transcribed Image Text:Dmytro has a personal Automobile Insurance policy. While walking to the store, Dmytro is struck by Lisa's vehicle,
sustaining non-catastrophic injuries. Which policy would respond first to Dmytro's injuries of any?
OA) No coverage will respond, because Dmytro was not driving a vehicle when the incident occurred.
OB) Dmytro's Automobile Insurance Policy
OC) Lisa's Automobile Insurance Policy
OD) Lisa's Homeowner's Policy
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