×
Didn't find what you were looking for?
Ask a question
Home
Search
Gallery
Blog
Dictionary
Textbooks
Resource Library
Flashcards
Latest Topics
Ask a Question
Home
Take a Tour
Study Tips
Help Pages
Contact Us
Gallery
Recently Added
Search
Blog
Dictionary
Add New Word
Random Term
Recent Changes
Resource Library
Share Your Resources
Recently Added
Search
Ask a Question
Log In
Sign Up
homework help
portal
Q & A Board
Gallery
Notes and Downloads
This Board
Research Articles
Entire Website using Google
Forum
Search
Advanced Search
Image Gallery
Resource Library
Browse by
Textbooks
Chat
Subjects
Recent
Posts
•
Latest Topics
•
Unanswered Questions
Top Posters
Since Sunday
20
11
b
8
7
l
7
f
7
d
7
r
7
6
p
6
A
6
s
6
Home
Q & A Board
Other Fields Homework Help
Business
Print
New Topic
Property valued at 140,00 . was insured for 90,000 . The policy contained an 80 coinsurance clause. ...
supfam760
supfam760
wrote...
Go to Answer
Posts:
305
Rep:
0
0
5 years ago
5 years ago
Property valued at 140,00 . was insured for 90,000 . The policy contained an 80 coinsurance clause. ...
Property valued at 140,00 . was insured for 90,000 . The policy contained an 80 coinsurance clause. A fire caused 56,00 . in damages. Compute the amount the insurance company paid for repairs.
Q. 2
Insurance Company A has a standard 90 coinsurance clause for all fire insurance coverage. Insurance Company B has a standard 75 coinsurance clause for all fire insurance coverage. A building is valued at 195,000 . How much more insurance coverage would Insurance Company A require than Insurance Company B for full coinsurance coverage?
Q. 3
An insurance company has a standard coinsurance clause of 90. Compute the amount of insurance coverage the owner of a building valued at 1,060,00 . must carry in order to avoid being the bearer of part of the insurance.
Q. 4
Davis Insurance Company insured Driver Ashley's two cars at annual premiums of 3,400 for car A and 2,440 for car B. Ashley sold both cars after six months and canceled the insurance. The insurance company refunded the remaining six months' premiums at the short rate based on a 15 penalty. Compute the amount of the total refund.
Q. 5
Harrington Insurance Company insures four moving vans for National Moving Company. Annual premiums for the four trucks are: Truck A = 3,480; Truck B = 3,360; Truck C = 2,640; and Truck D = 4,100 . Harrington Insurance Company charges a shortrate penalty of 15. At the end of the second month, National Moving Company sold trucks A and B and canceled their insurance. At the end of the fourth month, National Moving Company sold truck C and canceled its insurance. Compute the amount National Moving Company paid Harrington Insurance Company for insurance during the year.
Q. 6
Martin Insurance Company issued insurance policies on buildings A and B in the same area for one year at a premium rate of 5.50 per thousand. Building A was insured for 75,000 . Building B was insured for 83,000 . Martin Insurance Company had a shortrate refund policy based on a penalty of 10 of the annual premium. At the end of the second month, building A was sold and the policy canceled by the building owner. At the end of the sixth month, Martin Insurance Company canceled the insurance on building B. Compute the amount Martin Insurance Company earned altogether by insuring buildings A and B.
Read 28 times
1
Reply
Report
Replies
Answer verified by a
subject expert
SHURTLE
SHURTLE
wrote...
#1
Answer Link
Posts:
223
Rep:
4
0
5 years ago
5 years ago
Sign in
or
Sign up
in seconds to unlock everything for free
Login with Facebook
Login with Google
Login with Twitter
Ans. #1
45,000
Ans. #2
29,250
Ans. #3
954,000
Ans. #4
2,044
Ans. #5
7,542
Ans. #6
338.25
1
Report
Related Topics
Solved
The coinsurance clause in a homeowners insurance policy requires a home to be insured for _________
Hillview, Inc had property valued at 1,560,000 and insured for 936,000. The fire insurance policy ...
Solved
Property valued at $140,000 was insured for $90,000. The policy contained an 80% coinsurance clause. ...
Solved
Property valued at $172,000 was insured for $100,000. The policy contained a 90% coinsurance clause. ...
Solved
Property valued at $200,000 was insured for $140,000. The policy contained a 60% coinsurance clause. ...
Solved
Property valued at $3,800,000 was insured for $3,100,000. The policy contained an 80% coinsurance ...
Solved
The owner of property valued at $140,000 insured the property for $90,000 for one year at a premium ...
Solved
The owner of property valued at $150,000 insured the property for $75,000 for one year at a premium ...
Show More
supfam760
Author
wrote...
5 years ago
You make an excellent tutor!
Chaldoren
wrote...
Yesterday
Thank you, thank you, thank you!
cartoon
wrote...
2 hours ago
Thanks
New Topic
Quick Reply
[center][color=gray]Please [b]login or register[/b] to leave a reply[/color][/center]
Explore
Post your homework questions and get free online help from our incredible volunteers
377 People Browsing
304 Signed Up Today
Start New Topic
Take the Tour
Study Tips
Study Tools
New
Topics Trending
Browse by Textbook
Related Images
540
254
Your Opinion
Which 'study break' activity do you find most distracting?
Talking / texting
Playing video games
Listening to music
Watching TV
Browsing the web
Napping
Other
Votes: 456
Previous poll results:
Which of the following is the best resource to supplement your studies:
Latest Blogs
How to cut in front of a line (persuasion tactic)
A link between depression and heart disease
3D Imaging: A Practical Use of Mathematics
The Secrets of Longevity: Exploring Okinawa, Japan
Unusual Plant Defenses
Ready to ask a question on
Biology Forums
?
Try it out
You invested $12.000 in a thirtysix month compound interest GIC. You just received its maturity ...

Mathematics
For a fiveyear GIC investment, what monthly compounded nominal rate would put you in the same ...

Mathematics
Your manager asks you to compare two investments. You can buy a threeyear compound interest GIC ...

Mathematics
A $6300 facevalue investment earning interest at 10% compounded annually for a sixyear term was ...

Mathematics
Compare and contrast selective breeding of livestock and the natural selection of animals.

General Biology
What is the term of a compoundinterest Guaranteed Investment Certificate if $8,500 invested at 6.1% ...

Mathematics
Your coworker discovered an old pay statement from seven years ago. Their monthly salary at the ...

Mathematics
An investment of $7,500 at 8% compounded monthly is now worth $13,280. How long ago was the ...

Mathematics
Your company can obtain a business line of credit from a bank at 7.5% compounded semiannually, or ...

Mathematics
No payments were made on a $2,598 loan during its threeyear term. What was the annually compounded ...

Mathematics
Loading...