The amount of compensation insurance company will pay if Tim Akers owns a home with a replacement value of $ 690000 . Its homeowner’s insurance policy has a 80 % coinsurance clause and a face value of $ 552000 . Damage from a fire is estimated to be $ 38588 .

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Answer 1

Question

Chapter 19.2, Problem 3-4SC

To determine

To calculate: The amount of compensation insurance company will pay if Tim Akers owns a home with a replacement value of $690000. Its homeowner’s insurance policy has a 80% coinsurance clause and a face value of $552000. Damage from a fire is estimated to be $38588.

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Answer 2

Question

Chapter 19.2, Problem 3-4SC

To determine

To calculate: The amount of compensation insurance company will pay if Tim Akers owns a home with a replacement value of $690000. Its homeowner’s insurance policy has a 80% coinsurance clause and a face value of $552000. Damage from a fire is estimated to be $38588.

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Answer 3

Question

Chapter 19.2, Problem 3-4SC

To determine

To calculate: The amount of compensation insurance company will pay if Tim Akers owns a home with a replacement value of $690000. Its homeowner’s insurance policy has a 80% coinsurance clause and a face value of $552000. Damage from a fire is estimated to be $38588.

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Answer 4

Question

Chapter 19.2, Problem 3-4SC

To determine

To calculate: The amount of compensation insurance company will pay if Tim Akers owns a home with a replacement value of $690000. Its homeowner’s insurance policy has a 80% coinsurance clause and a face value of $552000. Damage from a fire is estimated to be $38588.

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Answer 5

Chapter 19.2, Problem 3-4SC

To determine

To calculate: The amount of compensation insurance company will pay if Tim Akers owns a home with a replacement value of $690000. Its homeowner’s insurance policy has a 80% coinsurance clause and a face value of $552000. Damage from a fire is estimated to be $38588.

Answer 6

Chapter 19.2, Problem 3-4SC

To determine

To calculate: The amount of compensation insurance company will pay if Tim Akers owns a home with a replacement value of $690000. Its homeowner’s insurance policy has a 80% coinsurance clause and a face value of $552000. Damage from a fire is estimated to be $38588.

Answer 7

Chapter 19.2, Problem 3-4SC

To determine

To calculate: The amount of compensation insurance company will pay if Tim Akers owns a home with a replacement value of $690000. Its homeowner’s insurance policy has a 80% coinsurance clause and a face value of $552000. Damage from a fire is estimated to be $38588.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 19.1 - Prob. 1-1SC Ch. 19.1 - Prob. 1-2SC Ch. 19.1 - Prob. 1-3SC Ch. 19.1 - Prob. 1-4SC Ch. 19.1 - Prob. 2-1SC Ch. 19.1 - Prob. 2-2SC Ch. 19.1 - Prob. 2-3SC Ch. 19.1 - Prob. 2-4SC Ch. 19.1 - Prob. 1SE Ch. 19.1 - Prob. 2SE

The amount of compensation insurance company will pay if Tim Akers owns a home with a replacement value of $ 690000 . Its homeowner’s insurance policy has a 80 % coinsurance clause and a face value of $ 552000 . Damage from a fire is estimated to be $ 38588 .

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To calculate: The amount of compensation insurance company will pay if Tim Akers owns a home with a replacement value of $690000. Its homeowner’s insurance policy has a 80% coinsurance clause and a face value of $552000. Damage from a fire is estimated to be $38588.

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