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 anunattached shed worth $8,000, and personal property worth $30,000. You will collect? (assume $0 deductible, ignore the ACVcalculation and assume there is no fraud or other unusual circumstances surrounding the loss.)OA$107,500OB. $97,500OC.$103,000

Characteristics of an HO policy have been provided. We have to find the amount insured will claim…

Answered: You have an HO policy with the…

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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