A dwelling with a replacement cost of $150,000 was insured under a Homeowners 3 policy for $100,000 at the time the roof was destroyed by a windstorm. The actual cash value of the loss was $9,000, but it will cost $12,000 to replace the roof
Ignoring any deductible, what will the insurer pay to settle this loss?
A) $8,000
B) $9,000
C) $10,000
D) $12,000
Answer: C
Business
You might also like to view...
Rework leads to additional inspection costs, yield losses, and the loss of goodwill on the part of customers. This is an example of ______.
A. mura B. muda C. heijunka D. poka yoke
Business
Virtual reality training lends itself well to situations that require
A. Decision making. B. Making value judgments. C. Subjective results. D. Practice.
Business
Bootstrap financing decreases the company's flexibility and drive for sales.
Answer the following statement true (T) or false (F)
Business
Provide examples of the primary activities in a firm's value chain.
What will be an ideal response?
Business