Question 37 of the foll37.) A building owned by A. is sold for cash to B. Two days after the sale, a fire destroys thebuliding causing a loss of $100,000. Neither the broker nor the insurer were notified of the changein ownership. The insurer would pay:A. $80.000.BONESB. Nothing.C. $50,000.D. $100,000Insaved must notity broker ofhave since no mortgage38. A valued policy is one which:A Provides for replacement cost of the property irrespective of the amounts of the insurance. Xpolicy is issued, the amount of insurance the insurer will pay in th

Insurance is a contract in which an individual or entity receives financial protection or…

the were notified of the changes 37. A building owned by A. is sold for cash to B. Two days after the sale, a fire destroys buliding causing a loss of $100,000. Neither the broker nor the insurer in ownership. The insurer would pay:

the were notified of the changes 37. A building owned by A. is sold for cash to B. Two days after the sale, a fire destroys buliding causing a loss of $100,000. Neither the broker nor the insurer in ownership. The insurer would pay:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Question 37

of the foll
37.) A building owned by A. is sold for cash to B. Two days after the sale, a fire destroys the
buliding causing a loss of $100,000. Neither the broker nor the insurer were notified of the change
in ownership. The insurer would pay:
A. $80.000.
BONES
B. Nothing.
C. $50,000.
D. $100,000
Insaved must notity broker of
have since no mortgage
38. A valued policy is one which:
A Provides for replacement cost of the property irrespective of the amounts of the insurance. X
policy is issued, the amount of insurance the insurer will pay in th

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