All factors that might affect coverage provided by policy

Assignment Help Operation Management

Reference no: EM132113757

A property coverage deductible of $250 per occurrence applies. Analyze each of the following situations in light of the above information. Determine all applicable coverage(s) and limit(s), and explain all factors that might affect the coverage provided by the policy.

(a) A windstorm causes $20,000 in repair cost damages to the house, and subsequent wind-blown rain causes damage to the contents of the house—$18,000 in replacement cost or $11,000 at actual cash value. The greenhouse is a total loss, as are the exotic plants. Debris removal of the greenhouse to satisfy the city’s health laws costs $350, and further debris removal to clear the way for repairs costs another $280. Two maple trees valued at $600 each are blown down, and their removal costs another $400. Bill must move his family to a nearby rental home for two months while repairs are made to the house. Rental costs are $600 per month, utilities at the rental house are $150 more per month, and the mortgage payments of $550 per month continue to be payable. It costs Bill another $80 per month to commute to work and to drive his children to school. The telephone company charges him $50 to change his telephone to the rental unit and back to his home again.

(b) After Bill and his family return to their home, faulty wiring installed during repair causes a short and a small fire. All the family clothing has to be washed because of smoke damage, at a cost of $1,200. Repair to the walls requires an additional $4,700. What might be the effect of subrogation in this case?

Reference no: EM132113757

Questions Cloud

Company need in order to establish target consumer persona : Brainstorm ideas as to what information a marketer and company need in order to establish a target consumer persona.

What is the utilization rate of the service desk : What is the utilization rate of the service desk? What is the average length of the waiting line?

Strategic partnerships with key suppliers : Which of the following is not a reason that currently competing sellers are often motivated to enter into strategic partnerships with key suppliers?

Discuss the company operations based off of this statement : Create a fictitious company and briefly discuss the company's operations based off of this statement.

All factors that might affect coverage provided by policy : Determine all applicable coverage(s) and limit(s), and explain all factors that might affect the coverage provided by the policy.

The pitfalls of differentiation strategy : The pitfalls of a differentiation strategy include

About creating buffer for negative announcement : Which of the following statatments about creating a buffer for a negative announcement is true?

What are the six categories of nonverbal cues : What are the six categories of nonverbal cues? How can grooming affect your relationship with customers? What are five examples of customer-focused behavior?

How does communication bias affect relationship selling : In talking about one's communication style, how does communication bias affect relationship selling? How can you minimize or avoid this bias?

User Account

All Pages