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Author Question: In which one of the following situations would Joe be able to collect the entire amount of insurance claimed? (Read 66 times)

Kikoku

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on: Aug 7, 2021
In which one of the following situations would Joe be able to collect the entire amount of insurance claimed?
◦ Joe insured the clubhouse of a Hells Angels motorcycle club located in the next block for $75 000; the house is valued at about that amount. The clubhouse is subsequently destroyed in a fire. Joe claims $75 000.
◦ Joe insured his law partner's life for $500 000 and the amount he actually loses when the partner dies is only $1000. Joe claims $500 000.
◦ Joe owns a one-half interest in a house valued at $1000 that is completely destroyed in a fire. The house is insured for that amount and Joe makes a claim for $100 000.
◦ Joe took out a life insurance policy on his wife for $500 000, and shortly thereafter, during a fight that occurred while he was in a drunken rage, he struck his wife, causing her death. Joe claims    $500 000.
◦ Joe's house suffers $20 000 damage, and he only had it insured for $1000, when the actual value was over $250 000. Joe claims $20 000.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by Kikoku on Aug 7, 2021

vish98

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Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Kikoku

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Reply 2 on: Aug 7, 2021
Excellent

jojobee318

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Reply 3 on: Yesterday
Wow, this really help

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