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Author Question: A person owns a half interest in a house valued at $200 000 and has insurance on that property in ... (Read 89 times)

soccerdreamer_17

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Question 1

Which of the following is not an appropriate matter for insurance coverage?
◦ insurance against damage to property
◦ insurance against loss of life
◦ insurance against lost profits
◦ insurance against fire in a home
◦ insurance against fire in your next-door neighbour's home

Question 2

A person owns a half interest in a house valued at $200 000 and has insurance on that property in the amount of $400 000. If the house burns down, causing a loss of $100 000, how much will that person collect?
◦ $400 000
◦ $200 000
◦ $50 000
◦ nothing
◦ $1000


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Marked as best answer by soccerdreamer_17 on Aug 7, 2021

Koolkid240

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soccerdreamer_17

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Reply 2 on: Aug 7, 2021
YES! Correct, THANKS for helping me on my review


TheDev123

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Reply 3 on: Yesterday
Wow, this really help

 

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