your home is S250000, but the replacement cost of the structure is $190000, how much homeowner's insurance should you have? $60000 O $250000 O $190000 O $440000 Eimberly has a homeowner's insurance policy. Her home was broken into, and $5200 worth of possessions were stolen. If her leductible is $2200, how much coverage will her insurance company pay for the loss? O so $3000 O $5200 O $2200 orothy Taylor has a personal auto policy with coverage limits of 20/40/15. Dorothy has collision coverage witha $250 deductible ne runs a red light and causes an auto accident in which three people are injured. Each of them sues her for $19900 in personal injur nd $5000 for vehicle damage (there is no injury to Dorothy or her car). How much will Dorothy have to pay out of pocket, and how uch will her insurer pay?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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If the market value of your home is $250000, but the replacement cost of the structure is $190000, how much homeowner's insurance
should you have?
• S60000
O $250000
O $190000
O $440000
Kimberly has a homeowner's insurance policy. Her home was broken into, and $5200 worth of possessions were stolen. If her
deductible is $2200, how much coverage will her insurance company pay for the loss?
O so
• $3000
O $5200
O s2200
Dorothy Taylor has a personal auto policy with coverage limits of 20/40/15. Dorothy has collision coverage with a $250 deductible.
She runs a red light and causes an auto accident in which three people are injured. Each of them sues her for $19900 in personal injury
and $5000 for vehicle damage (there is no injury to Dorothy or her car). How much will Dorothy have to pay out of pocket, and how
much will her insurer pay?
Dorothy pays $19700 and insurer pays $55000
O Dorothy pays $5000 and insurer pays $59700
O Dorothy pays $0 and insurer pays $64700
O Dorothy pays $19950 and insurer pays 54450
Transcribed Image Text:If the market value of your home is $250000, but the replacement cost of the structure is $190000, how much homeowner's insurance should you have? • S60000 O $250000 O $190000 O $440000 Kimberly has a homeowner's insurance policy. Her home was broken into, and $5200 worth of possessions were stolen. If her deductible is $2200, how much coverage will her insurance company pay for the loss? O so • $3000 O $5200 O s2200 Dorothy Taylor has a personal auto policy with coverage limits of 20/40/15. Dorothy has collision coverage with a $250 deductible. She runs a red light and causes an auto accident in which three people are injured. Each of them sues her for $19900 in personal injury and $5000 for vehicle damage (there is no injury to Dorothy or her car). How much will Dorothy have to pay out of pocket, and how much will her insurer pay? Dorothy pays $19700 and insurer pays $55000 O Dorothy pays $5000 and insurer pays $59700 O Dorothy pays $0 and insurer pays $64700 O Dorothy pays $19950 and insurer pays 54450
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