help Insurance for boats can vary based on a number of factors. Which of the following statements is correct?OA) Outboard motors are mounted on the interior of the boat.OB) The horsepower of the motor has no impact on the premium.OC) Some home insurance policies may include coverage for small boats.DOD) Inboard motors are mounted on the outside of the boat. A building worth $100,000 is insured for $60,000 under a policy with a 90% co-insurance clause. Fire damages thebuilding to the extent of $45,000. How much does the insurer pay?OA) $60,000.00OB) $45,000.00OC) $36,000.00OD) $30,000.00

The first part of the question is asking to identify the correct statement about boat insurance. The…

Answered: Insurance for boats can vary based on a…

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter25: Monopoly

Section: Chapter Questions

Problem 13E

See similar textbooks

Similar questions

Health insurance scams have resulted in (a) higher medical insurance costs (b)low quality medical technology (c)the failure of many health insurance companies (d)an increase in federal income tax
An insured’s $3,000 outboard motorboat is struck by lightning. Under the insured’s homeowner policy the insurer will limit coverage for the loss to $500 pay up to the policy limit allowable for boat coverage cancel the policy deny the claim
Unethical or ethical: Falsification of facts in order to deceive or confuse?
Pls help ASAP
The insured has failed to respond to recommendations to correct the elimination of existing hazards discovered during a recent inspection of the property by the insurer. The insurance company will not eliminate some of the coverage on the policy contact a contractor to fix the problems send a non-renewal notice to the insured Increase the premium being charged
When compleling an insurance application, a producer should A.complete as much of the applicalion as possible before meeting with he applicant to save time B.request hat the applicant review the completed application before signing it C. avoid asking the applicant questions on he application which may be embarrassing D.omit information from he application which may cause the application to be rejected by the insurance company
Alana wishes to obtain auto insurance. She wants 100/300/100 liability coverage, $250 deductible collision and full coverage comprehensive. She lives in territory 2 and has been assigned to driver class 2 with a rating factor of 1.25. Based on Table 19-6 and Table 19-7, what would be her total premium, if her three-year-old car were in model class L? (Round your answer to the nearest cent.) a. $355.00 b. $365.00 c. $456.25 d. $465.38
A person may be considered negligent if they fail to do what a reasonable and prudent person would do commit an intentional act that injures another do not injure another person provide emergency first aid
Adverse selection occurs because of A) spreading of risks. B) diminishing marginal utility. C) of imperfect information. D) moral hazard
The part of the policy which may request an insured to submit as a proof of loss is called the A.application B.arbitration C.conditions D.insuring agreement
An insurance policy purchased directly online is not required to include Premium amount3 Coverage amount Issuing company’s name Producer’s name
Many people in the property and liability insurance industry complain about the “automobile problem.” The “automobile problem” consists of a series of interrelated problems. What factors have combined to produce a problem in the automobile insurance area?

SEE MORE QUESTIONS

Recommended textbooks for you

Economics:

Economics

ISBN:

9781285859460

Author:

BOYES, William

Publisher:

Cengage Learning

Economics:

Economics

ISBN:

9781285859460

Author:

BOYES, William

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS