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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Hari purchased a brand new car, and in two months he has an at-fault
accident with a third party vehicle. The car was taken to a repair shop and
Hari was provided with a rental car. How long can Hari keep the rental
car?
As long as his car is in the repair shop.
As long as he wants to drive the rental car.
Determined by the limit on the OPCF 27 endorsement.
Determined by the limit on the OPCF 20 endorsement.
Transcribed Image Text:Hari purchased a brand new car, and in two months he has an at-fault accident with a third party vehicle. The car was taken to a repair shop and Hari was provided with a rental car. How long can Hari keep the rental car? As long as his car is in the repair shop. As long as he wants to drive the rental car. Determined by the limit on the OPCF 27 endorsement. Determined by the limit on the OPCF 20 endorsement.
Justin, the insured, had a fire in his garden shed. His garden tools and
outdoor chairs were inside the shed when the fire happened. Everything
was destroyed during the fire. Justin has a homeowners comprehensive
form subject to a deductible of $500. Which section of the policy would
pay for this loss?
The garden tools and outdoor chairs would be covered under Coverage A
and garden shed would be covered under Coverage B.
The garden tools and outdoor chairs would be covered under Coverage C
and garden shed would be covered under Coverage D.
The garden tools and outdoor chairs would be covered under Coverage C
and garden shed would be covered under Coverage B.
The garden tools, outdoor chairs and garden shed would be all covered
under Coverage A.
Transcribed Image Text:Justin, the insured, had a fire in his garden shed. His garden tools and outdoor chairs were inside the shed when the fire happened. Everything was destroyed during the fire. Justin has a homeowners comprehensive form subject to a deductible of $500. Which section of the policy would pay for this loss? The garden tools and outdoor chairs would be covered under Coverage A and garden shed would be covered under Coverage B. The garden tools and outdoor chairs would be covered under Coverage C and garden shed would be covered under Coverage D. The garden tools and outdoor chairs would be covered under Coverage C and garden shed would be covered under Coverage B. The garden tools, outdoor chairs and garden shed would be all covered under Coverage A.
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