60.1K

Verified Solution

Link Copied!

please write answers clearly and correct for this homework. thank you

2 pts Question 36 Stephen insured his home under a Homeowner policy in 2020 for $216,000 based on 80% coinsurance. His current deductible is $1,000, in 2020, the home sustained a $60,000 fire loss. The replacement cost of the home at the time of the loss is $450,000. What will Stephen recover for the $60,000 fire loss after the application of coinsurance and the deductible? $48.800 $27,800 $30,800 $95.000 Question 37 Robert and kill own a home with a current replacement cost value of $300,000. The home is insured for $240,000 subject to 80% coinsurance and a 2% named storm deductible. What is the amount of the deductible, if the home sustains a $75,000 wind Hoss from a Hurricane Florence? $1,500 $6,000 $4.800 Question 38 2 pts Stanley and Ellen Johnson have two children, Tommy and Allison, Tommy is age 21 and attends NC State as a fulltime student He shares an apartment with a roommate in Raleigh Allison is age 18 and is a Senior in High School. Elizabeth, an age 23 UNC Charlotte graduate student, occupies an efficiency apartment on the basement level of the home. All the following are considered an insured under Stanley and Ellen's Homeowner's policy except: Elizabeth Ellen Stanley Tommy Allison

Answer & Explanation Solved by verified expert

See Answer