Author Question: Len is considering the purchase of a home. As a home is a large investment, Len wants to make sure ... (Read 81 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
Len is considering the purchase of a home. As a home is a large investment, Len wants to make sure that there are no liens, easements, or other encumbrances preventing him from an unchallenged right to possess and enjoy his property.
 
  Len can protect this right through the purchase of
  A) extended coverage insurance.
  B) replacement cost insurance.
  C) personal umbrella insurance.
  D) title insurance.

Question 2

Tina purchased a personal umbrella policy with a 1 million limit. Her insurer required her to carry liability limits of 250/500/50 under her auto insurance policy.
 
  The personal umbrella policy was written with a 1,000 self-insured retention. Tina was responsible for an auto accident in which the other driver was severely injured. The other driver's bodily injuries were 400,000 and the property damage was 20,000. How much will the insurer pay under Tina's umbrella policy?
  A) nothing
  B) 149,000
  C) 150,000
  D) 170,000



gasdhashg

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

Answer: D

Answer to Question 2

Answer: C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

For a complete list of videos, visit our video library