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Principles Of Marketing
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Your client has a $200,000 Homeowners Comprehensive policy. Due to a fire which causes substantial damage to the home, the family must rent another house for three months, at a rent of $1,000 per month. Assuming your client's mortgage payments are $900 per month, which one (1) of the following amounts will his/her Homeowners policy pay towards the cost of renting the temporary house (ignore application of deductible)? OA) $5,700.00 OB) $300.00 OC) $3,000.00 OD) $2,400.00
Transcribed Image Text:Your client has a $200,000 Homeowners Comprehensive policy. Due to a fire which causes substantial damage to the home, the family must rent another house for three months, at a rent of $1,000 per month. Assuming your client's mortgage payments are $900 per month, which one (1) of the following amounts will his/her Homeowners policy pay towards the cost of renting the temporary house (ignore application of deductible)? OA) $5,700.00 OB) $300.00 OC) $3,000.00 OD) $2,400.00
Amir, a client, phones the Broker to advise that his insured vehicle, is being repaired in a garage. Amir has just signed an agreement for a rental car. Under the Ontario Automobile Policy (OAP) 1, where would the coverage for his rental vehicle be found? OA) Newly Acquired Automobile O B) Temporary Substitute Automobile OC) Ontario Policy Change Form (OPCF) 27 Legal Liability for Non Owned Automobiles OD) Ontario Policy Change Form (OPCF) 20 Coverage for Transportation Replacement
Transcribed Image Text:Amir, a client, phones the Broker to advise that his insured vehicle, is being repaired in a garage. Amir has just signed an agreement for a rental car. Under the Ontario Automobile Policy (OAP) 1, where would the coverage for his rental vehicle be found? OA) Newly Acquired Automobile O B) Temporary Substitute Automobile OC) Ontario Policy Change Form (OPCF) 27 Legal Liability for Non Owned Automobiles OD) Ontario Policy Change Form (OPCF) 20 Coverage for Transportation Replacement
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