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Author Question: Anchors Away Charter Boats purchased a second marina valued at 565,000. Their insurance company ... (Read 78 times)

rlane42

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  • Posts: 594
on: Jun 24, 2018
Anchors Away Charter Boats purchased a second marina valued at 565,000. Their insurance company quoted them 3.75 per 1,000 for insurance. How much would a two-year property insurance premium cost?
 A) 301.33
  B) 750.00
  C) 2,118.75
  D) 4,237.50

Question 2

Which amount will the insurance company pay on a claim filed by a business insured for 80 of the value with an 80 coinsurance plan, where the value of the business is 190,000 and the loss is 165,000?
 A) 132,000
  B) 152,000
  C) 165,000
  D) 190,000


Beatricemm

  • Sr. Member
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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


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