Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Ashley purchased a dining room set for 5000

07/01/2021 Client: saad24vbs Deadline: 2 Day

FIN 3610 Assignment 5 Name_______________________


Chapters 9 and 10


Please remember that you must do your own work. Any plagiarism will result in a grade of zero for all students involved. Please use your own words even if you are using the textbook for answers. Always provide a citation when a reference is used.


1. The following questions refer to the principle of indemnity:


a. Why is the principle of indemnity important in the insurance product?


b. How is actual cash value calculated?


c. Does the concept of actual cash value support the principle of indemnity? Explain.


2. Answer the following:


a. What is a valued policy and why is it used?


b. What is a valued policy law?


c. What is a replacement cost policy?


3. The following refer to insurable interests:


a. Explain the meaning of an insurable interest.


b. Provide an example of an insurable interest.


c. Why is an insurable interest required in every insurance contract?


4. Ashley purchased a dining room set for $5000 and insured the furniture on an actual cash value basis. Three years later, the set was destroyed in a fire. At the time of loss, the property had depreciated in value by 50%. The replacement cost of a new dining room set at the time of loss was $6000 dollars. Ignoring any deductible, how much will Ashley collect from her insurer? Show any work and explain your answer.


5. A drunk driver ran a red light and smashed into Kris’s car. The cost to repair the car is $8000 dollars. She has collision insurance on her car with a $500 deductible.


a. Explain how the principle of subrogation would be relevant in this case.


b. Explain how subrogation supports the principle of indemnity.


6. Identify the basic parts of an insurance contract and list two components of each.


7. Can other parties be insured under a policy even though they are not specifically named? Explain your answer and give two examples, if this is true.


8. Explain the purposes of deductibles in property insurance contracts. Briefly discuss three types of deductibles.


9. The following refer to the coinsurance clause:


a. Explain how a coinsurance clause in property insurance works.


b. What is the fundamental purpose of a coinsurance clause?


10. Stephanie owns a small warehouse that is insured for $200,000 under a commercial property insurance policy. The policy contains an 80% coinsurance clause. The warehouse sustained a $50,000 loss because of a fire in a storage area. The replacement cost of the warehouse at the time of loss is $500,000.


a. What is the insurer’s liability, if any, for this loss? Show your work.


11. Andrew owns a commercial office building that is insured under three property insurance contracts. He has $100,000 of insurance from Company A, $200,000 from Company B, and $200,000 from Company C.


a. Assume that the pro rata liability provision appears in each contract. If a $100,000 loss occurs, how much will Andrew collect from each insurer? Explain your answer.


b. What is the purpose of the other-insurance provisions that are frequently found in insurance contracts?

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

University Coursework Help
Helping Hand
Top Essay Tutor
Homework Guru
A+GRADE HELPER
Instant Assignments
Writer Writer Name Offer Chat
University Coursework Help

ONLINE

University Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$102 Chat With Writer
Helping Hand

ONLINE

Helping Hand

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$100 Chat With Writer
Top Essay Tutor

ONLINE

Top Essay Tutor

I have more than 12 years of experience in managing online classes, exams, and quizzes on different websites like; Connect, McGraw-Hill, and Blackboard. I always provide a guarantee to my clients for their grades.

$105 Chat With Writer
Homework Guru

ONLINE

Homework Guru

Hi dear, I am ready to do your homework in a reasonable price and in a timely manner.

$102 Chat With Writer
A+GRADE HELPER

ONLINE

A+GRADE HELPER

Greetings! I’m very much interested to work on this project. I have read the details properly. I am a Professional Writer with over 5 years of experience, therefore, I can easily do this job. I will also provide you with TURNITIN PLAGIARISM REPORT. You can message me to discuss the detail. Why me? My goal is to offer services to you that are profitable. I don’t want you to place an order once and that’s it. For me to be successful, I need you to come back and order again. Give me the opportunity to work on your project. I wish to build a long-term relationship with you. We can have further discussion in chat. Thanks!

$95 Chat With Writer
Instant Assignments

ONLINE

Instant Assignments

Hey, I can write about your given topic according to the provided requirements. I have a few more questions to ask as if there is any specific instructions or deadline issue. I have already completed more than 250 academic papers, articles, and technical articles. I can provide you samples. I believe my capabilities would be perfect for your project. I can finish this job within the necessary interval. I have four years of experience in this field. If you want to give me the project I had be very happy to discuss this further and get started for you as soon as possible.

$95 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Sc0-60 deluxe can opener - Betta grower mt waverley - Pearson vue - gbr - International HR - Finance - The figure shows a shaft mounted in bearings - Film director mervyn crossword clue - Imagine song lyrics meaning - Southern cross insurance claim form - What is the empirical formula of c4h8 - Case Study 2: HP Applies Management Science Modeling to Optimize Its Supply Chain and Wins a Major Award - Deliverable 7 - Healthcare Intake Packet - Contrast repetition alignment proximity - Superflow engine dyno manual - Fourier transform of gaussian function - Leadership - What language(s) must be used to display a bare-minimum web page - Walmart global statement of ethics - Accommodations for diverse learners - Black dog blues lyrics russell morris - 3 PARAGRAPHS DIALOGIC THEORY OF PUBLIC SPEAKING? EXPLAIN WHAT YOU UNDERSTAND ABOUT IT. IN YOUR OWN WORDS SHARE WHAT YOU HAVE LEARNED ABOUT THIS THEORY. WHY DO YOU THINK THIS THEORY COULD BE CONSIDERED THE CORNERSTONE TO OUR APPROACH TO PUBLIC SPEAKIN - 34 graham road gooseberry hill - Passport to leisure bradford - How to Find the Expert Enamel Pin Maker in Singapore? - Edit checks in clinical data management - If a student randomly guesses at 20 multiple-choice questions - Recurrent neural network ppt - Conclusion of coca cola company - Dependent demand inventory never needs to hold hedge inventory - Closter board of education - Cost of marginal investment in accounts receivable - Why do elephants have ivory tusks worksheet answers - Holiday travel vehicles class diagram - Nanomedicine & nanotechnology open access nnoa - How Should I Respond? - Preparing a Business Case for an HRIS - Maryland institute college of art animation - Aquatap plumbing point cook - Psy 420 week 1 worksheet - Essay 。 - Discussion - Huygu - Rmit employee assistance program - The value of a product offering is determined by the customer and varies accordingly. How does a retailer like Walmart deliver value differently than Banana Republic? - Business ethics textbook mcgraw hill - Which of the four approaches to setting a price does carmex use for its products - Feeding the frasers recipes - Groupon true rest brick nj - Criminal law discussion 14 - Journal Article (630 words) - Discussions and reflection - Piratebay se safe - Äppelknyckarjazz translation - Thermo words meaning heat - William b johnson ritz carlton - Vince anderson acceleration chart - Nh4cl number of atoms - Rheostat control motor speed - Valence electrons for each group - What is the story structure of luke 10 38 42 - Cadmium test for battery - Mrs johnstone quotes and analysis - Dulux natural white powder coat - Gov DQ9 - Strain gauge amplifier design - Healthcare Strategies - Motivational interviewing test questions - Difference between waiting time and response time - Week 9 - 3000 slp to aud - Postcode hamilton new zealand - Free printable sticker charts for good behavior - Alliteration examples for high school - Mornpen vic gov au payonline - What does rom mean in ict - Chapter 10 and 20 synopsis - Alert program engine levels - How to create arff file in weka - Education countable or uncountable - Network - Paper Proposal for consumption and consumer society. - Ut austin turing scholars college confidential - Blood tests whiston hospital - Love island game pied off answers - Nyse supplemental listing application - DISCUSSION ON BELOW TOPICS - Bright star would i were stedfast as thou art - Public health job cover letter - Marketers and senior managers like to see graphical - Muscle origin and insertion - Flow through a venturi meter lab - Shock response spectrum matlab - Alignment of research components - In broad daylight summary ha jin - Trade support loans priority list - Enron employees who went to jail - Fallacy of catastrophic expectations - Lee strasberg affective memory - Four page essay - Benguiatitcbybt bold font