Author Question: A person owns a half interest in a house valued at $200 000 and has insurance on that property in ... (Read 58 times)

soccerdreamer_17 · **on:** Aug 7, 2021

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

Koolkid240 · **Reply #1 on:** Aug 7, 2021

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