Pls help ASAP on both questions pls 61 of 90 Which one (1) of the following situations is covered under the"Watercraft, Outboard Motor Trailer, and MiscellaneousEquipment" coverage rider attached to a Homeowners policy?A scheduled boat and motor vessel used to carry cottagers from the marina to theirisland property for compensation.A loss, not otherwise excluded, to an insured outboard motor while being used bythe insured in Florida.Damage to the hull of the watercraft caused by ice resulting from failure to drain thecompartments when the watercraft was stored for the winter.Damage caused by beavers using the watercraft as a winter home while in storagein the insured's boathouse. 62 of 90Which one (1) of the following amounts must be establishedwhen there is a co-insurance clause in a replacement costpolicy?The actual cash value of the property.The replacement cost of the property.The amount which could be obtained for the property in a sale.The original cost of the property.

Compensation : payment or remuneration provided to someone for services, damages, or losses…

Answered: Which one (1) of the following…

Which one (1) of the following situations is covered under the "Watercraft, Outboard Motor Trailer, and Miscellaneous Equipment" coverage rider attached to a Homeowners policy?

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

Pls help ASAP on both questions pls

61 of 90 Which one (1) of the following situations is covered under the
"Watercraft, Outboard Motor Trailer, and Miscellaneous
Equipment" coverage rider attached to a Homeowners policy?
A scheduled boat and motor vessel used to carry cottagers from the marina to their
island property for compensation.
A loss, not otherwise excluded, to an insured outboard motor while being used by
the insured in Florida.
Damage to the hull of the watercraft caused by ice resulting from failure to drain the
compartments when the watercraft was stored for the winter.
Damage caused by beavers using the watercraft as a winter home while in storage
in the insured's boathouse.

62 of 90
Which one (1) of the following amounts must be established
when there is a co-insurance clause in a replacement cost
policy?
The actual cash value of the property.
The replacement cost of the property.
The amount which could be obtained for the property in a sale.
The original cost of the property.

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