You have an HO policy with the following limits: A $75,000 (dwelling) B-S 7,500 (other structures) C-$25,000 (personal property). A tornado strikes your property. You lose your house, which is worth $65,000 at the time of the loss. You also lose an unattached shed worth $8,000, and personal property worth $30,000. You will collect? (assume $0 deductible, ignore the ACV calculation and assume there is no fraud or other unusual circumstances surrounding the loss.) OA$107,500 OB. $97,500 OC$103,000
You have an HO policy with the following limits: A $75,000 (dwelling) B-S 7,500 (other structures) C-$25,000 (personal property). A tornado strikes your property. You lose your house, which is worth $65,000 at the time of the loss. You also lose an unattached shed worth $8,000, and personal property worth $30,000. You will collect? (assume $0 deductible, ignore the ACV calculation and assume there is no fraud or other unusual circumstances surrounding the loss.) OA$107,500 OB. $97,500 OC$103,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
![You have an HO policy with the following limits:
A $75,000 (dwelling)
B-$ 7,500 (other structures)
C-$25,000 (personal property).
A tornado strikes your property. You lose your house, which is worth $65,000 at the time of the loss. You also lose an
unattached shed worth $8,000, and personal property worth $30,000. You will collect? (assume $0 deductible, ignore the ACV
calculation and assume there is no fraud or other unusual circumstances surrounding the loss.)
OA$107,500
OB. $97,500
OC.$103,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F38336ba8-c25e-4577-ac30-cca3a7f9bed6%2Faaa52b39-6740-4a41-944b-9f1fb1e159ef%2Ful4kfz_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You have an HO policy with the following limits:
A $75,000 (dwelling)
B-$ 7,500 (other structures)
C-$25,000 (personal property).
A tornado strikes your property. You lose your house, which is worth $65,000 at the time of the loss. You also lose an
unattached shed worth $8,000, and personal property worth $30,000. You will collect? (assume $0 deductible, ignore the ACV
calculation and assume there is no fraud or other unusual circumstances surrounding the loss.)
OA$107,500
OB. $97,500
OC.$103,000
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