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Check my work Newlyweds Jamie Lee and Ross have had several milestones in the past year. They are newly married, recently purchased their first home, and now have twins on the way! Jamie Lee and Ross have to seriously consider their insurance needs. With a family, a home and now bables on the way, they are working on developing a risk management plan to help them should an unexpected event arise. Jamie Lee and Ross created a Household Inventory (see Addendum excluding the $2.000 diamond wedding band set. They have elected not to get any further ability or other specialized coverage at this time. Currently, their home has increased in value by rebuild their home using the most current costs $12,000 since they purchased it five years ago. If something unfortunate should happen, they want to ensure that they are able to Use this information to complete the table below and determine the total amount of property insurance coverage they will need. Each answer must have a value for the assignment to be complete, Entet "o" for any unused categories. Current Finoncial Situation Assets Income Checking account 56,200 Gross income 569.000 Savings account 524300 Net income after we came Lee $5750 Egency fund savings account $22.400 Gross income Rosal 594.000 IRA balance $27.900 Net income after taves (Ross) 579 500 Charmeleri $11900 Monthly Expenses Carol 519.900 Mortgage $1510 Liabinties: Property taxes and insurance sos $140 $2.000 5690 Student loans balance Sais See 1 Assets Print References CRAIULUI $12,000 since they purchased it five years ago. If something unfortunate should happen they want to ensure that they bito rebuild their home using the most current costs Use this information to complete the table below and determine the total amount of property insurance coverage they will need. Each answer must have a value for the assignment to be complete Enter "O" for any unused categories Current Financial Situation Income Checking account 56,200 Gross income Lane Leel S2000 Savings account 524100 Net income here me leel 551750 Emergency fund savings account $22.400 Grows income Ross 594.000 IRA balance $2.7900 Net income afers 529500 Car Jamie Lee 511900 Monthly Expenses Car Ross $19,900 More $150 Liabilities: Property taxes and insurance Student loan balance 50 Uses 510 Credit card balance $2.000 Food $375 Carloans $7,900 Gamantenance 5225 Credit card payment 5345 SOB Original purchase price of home $304,000 Carloon Day Entertainment 5395 5690 1 Real Property inot applicable to renters Current replacement value of home 5 points Personal Property Estimated value of appliances, furniture, clothing, and other household coms (conduct an inventory Book Print Type of coverage for personal property perces Additional coverage for toms with limits on standard personal Coverage such as jewelry Bram Silverware, and photographic, electronic and computer Diamond wedding band set Personal Liability Amount of additional personal ability coverage desired for possibile personal injury claims Specialized Coverages If appropriate investigate flood or earthquake coverage excluded from home insurance policies Total Property Insurance Needed Newlyweds Jamie Lee and Ross have had several milestones in the past year. They are newly married, recently purchased their first home, and now have twins on the way! Jamie Lee and Ross have to serlously consider their insurance needs. With a family, a home, and now bables on the way, they are working on developing a risk management plan to help them should an unexpected event arise Jamie Lee and Ross created a Househoid Inventory (see Addendum. C), excluding the $2,000 diamond wedding band set. They have clected not to get any further liability or other specialized coverage at this time. Currently, their home has increased in value by $12.000 since they purchased it five years ago. If something unfortunate should happen, they want to ensure that they are able to rebuild their home using the most current costs Use this information to complete the table below and determine the total amount of property Insurance coverage they will need Each answer must have a value for the assignment to be complete Enter "O" for any unused categories Current Financial Situation Income: Checking account $6.200 Gross income (Jamie Lee) $69.000 Savings account S24100 Net Income after taxes amie Leel 551750 Emergency fund savings account $22.400 Gross income (Ross) 594,000 BRA balance $27.900 Net Income after taxes (Ross) $79,900 Caramele $11.900 Monthly Expenses: $19.900 Mortgage Assets Car Ross $1510 Check my work od Jamie Lee and Ross created a Household Inventory (see Addendum ). cxcluding the $2,000 diamond wedding brand set. They have elected not to get any further liability or other specialized coverage at this time. Currently, their home has increased in value by $12.000 since they purchased it five years ago. If something unfortunate should happen, they want to ensure that they are able to rebuild their home using the most current costs Use this information to complete the table below and determine the total amount of property insurance coverage they will need. Each answer must have a value for the assignment to be complete Enter "O" for any unused categories Current Financial Situation Asset Income Checking accoun $6.200 Gross comme 569.000 Saving account 526100 Net income after tamen 550750 Emergency lund song account $22.400 Gross income Ronal $94.000 IRA balance $27.900 Net income after tanesco) 579,900 in tamil Sn900 Monthly Expenie Coro 549.900 Mortgage $150 Liabiti Property laws and unce 5690 Student loan balance 50 Uit 5140 Credit card balance $2.000 Food 5315 Carbon ST800 Gemence 5225 Credit card payment $345 Original purchase price of home $304.000 Cartoon payment 5308 5.95 Real Property (not applicable to renters) Current replacement value of home Samped Personal Property Estimated value of appliances, furniture, clothing, and other household (conduct an inventory VEG Type of coverage for personal property Additional coverage for them with limits on standard personal coverage such as jewelry, firearms sivewwe, and photographic, electronic, and computer equpmont Dumond wedding band set Personal Liability Amourt of additional personal testify coverage desired for possibile personal injury claims Specialized Coverages If appropriate investigate flood or earthquake coverage excluded from home insurance policies Total Property Insurance Needed Check my work Newlyweds Jamie Lee and Ross have had several milestones in the past year. They are newly married, recently purchased their first home, and now have twins on the way! Jamie Lee and Ross have to seriously consider their insurance needs. With a family, a home and now bables on the way, they are working on developing a risk management plan to help them should an unexpected event arise. Jamie Lee and Ross created a Household Inventory (see Addendum excluding the $2.000 diamond wedding band set. They have elected not to get any further ability or other specialized coverage at this time. Currently, their home has increased in value by rebuild their home using the most current costs $12,000 since they purchased it five years ago. If something unfortunate should happen, they want to ensure that they are able to Use this information to complete the table below and determine the total amount of property insurance coverage they will need. Each answer must have a value for the assignment to be complete, Entet "o" for any unused categories. Current Finoncial Situation Assets Income Checking account 56,200 Gross income 569.000 Savings account 524300 Net income after we came Lee $5750 Egency fund savings account $22.400 Gross income Rosal 594.000 IRA balance $27.900 Net income after taves (Ross) 579 500 Charmeleri $11900 Monthly Expenses Carol 519.900 Mortgage $1510 Liabinties: Property taxes and insurance sos $140 $2.000 5690 Student loans balance Sais See 1 Assets Print References CRAIULUI $12,000 since they purchased it five years ago. If something unfortunate should happen they want to ensure that they bito rebuild their home using the most current costs Use this information to complete the table below and determine the total amount of property insurance coverage they will need. Each answer must have a value for the assignment to be complete Enter "O" for any unused categories Current Financial Situation Income Checking account 56,200 Gross income Lane Leel S2000 Savings account 524100 Net income here me leel 551750 Emergency fund savings account $22.400 Grows income Ross 594.000 IRA balance $2.7900 Net income afers 529500 Car Jamie Lee 511900 Monthly Expenses Car Ross $19,900 More $150 Liabilities: Property taxes and insurance Student loan balance 50 Uses 510 Credit card balance $2.000 Food $375 Carloans $7,900 Gamantenance 5225 Credit card payment 5345 SOB Original purchase price of home $304,000 Carloon Day Entertainment 5395 5690 1 Real Property inot applicable to renters Current replacement value of home 5 points Personal Property Estimated value of appliances, furniture, clothing, and other household coms (conduct an inventory Book Print Type of coverage for personal property perces Additional coverage for toms with limits on standard personal Coverage such as jewelry Bram Silverware, and photographic, electronic and computer Diamond wedding band set Personal Liability Amount of additional personal ability coverage desired for possibile personal injury claims Specialized Coverages If appropriate investigate flood or earthquake coverage excluded from home insurance policies Total Property Insurance Needed Newlyweds Jamie Lee and Ross have had several milestones in the past year. They are newly married, recently purchased their first home, and now have twins on the way! Jamie Lee and Ross have to serlously consider their insurance needs. With a family, a home, and now bables on the way, they are working on developing a risk management plan to help them should an unexpected event arise Jamie Lee and Ross created a Househoid Inventory (see Addendum. C), excluding the $2,000 diamond wedding band set. They have clected not to get any further liability or other specialized coverage at this time. Currently, their home has increased in value by $12.000 since they purchased it five years ago. If something unfortunate should happen, they want to ensure that they are able to rebuild their home using the most current costs Use this information to complete the table below and determine the total amount of property Insurance coverage they will need Each answer must have a value for the assignment to be complete Enter "O" for any unused categories Current Financial Situation Income: Checking account $6.200 Gross income (Jamie Lee) $69.000 Savings account S24100 Net Income after taxes amie Leel 551750 Emergency fund savings account $22.400 Gross income (Ross) 594,000 BRA balance $27.900 Net Income after taxes (Ross) $79,900 Caramele $11.900 Monthly Expenses: $19.900 Mortgage Assets Car Ross $1510 Check my work od Jamie Lee and Ross created a Household Inventory (see Addendum ). cxcluding the $2,000 diamond wedding brand set. They have elected not to get any further liability or other specialized coverage at this time. Currently, their home has increased in value by $12.000 since they purchased it five years ago. If something unfortunate should happen, they want to ensure that they are able to rebuild their home using the most current costs Use this information to complete the table below and determine the total amount of property insurance coverage they will need. Each answer must have a value for the assignment to be complete Enter "O" for any unused categories Current Financial Situation Asset Income Checking accoun $6.200 Gross comme 569.000 Saving account 526100 Net income after tamen 550750 Emergency lund song account $22.400 Gross income Ronal $94.000 IRA balance $27.900 Net income after tanesco) 579,900 in tamil Sn900 Monthly Expenie Coro 549.900 Mortgage $150 Liabiti Property laws and unce 5690 Student loan balance 50 Uit 5140 Credit card balance $2.000 Food 5315 Carbon ST800 Gemence 5225 Credit card payment $345 Original purchase price of home $304.000 Cartoon payment 5308 5.95 Real Property (not applicable to renters) Current replacement value of home Samped Personal Property Estimated value of appliances, furniture, clothing, and other household (conduct an inventory VEG Type of coverage for personal property Additional coverage for them with limits on standard personal coverage such as jewelry, firearms sivewwe, and photographic, electronic, and computer equpmont Dumond wedding band set Personal Liability Amourt of additional personal testify coverage desired for possibile personal injury claims Specialized Coverages If appropriate investigate flood or earthquake coverage excluded from home insurance policies Total Property Insurance Needed

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