Rental costs are 600 per month utilities at the rental house are 150 more per

Rental costs are 600 per month utilities at the

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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. Answer: Coverage B–Other Structures is ___ percent of Coverage A, which is ___________ Coverage D–Loss of Use is ___ percent of the limit for Coverage A, which is _________ Now, determine whether Coverages A and B losses will be paid on a replacement cost or actual cash value basis. Coverage A – Dwelling Replacement cost = _________________
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Insured amount = ________________ Replacement Cost or Actual Cash Value? Circle Correct Answer How much? ____________________ Coverage B – Other Structures The greenhouse Replacement cost =__________________ Insured amount = __________________ Replacement Cost or Actual Cash Value? Circle Correct Answer How much? ____________________ Coverage C – Personal Property Coverage is for actual cash value, so a maximum of ___________________will be paid for damage to contents. Windstorm is the proximate cause of the wind-blown rain damage, so it is covered/not covered? Trees Shrubs and Other Plants: This coverage does/does not pay for losses caused by windstorm or rain. The flowers will/won’t be covered. Debris Removal: The cost of removing the two maple trees will/will not be paid because coverage did not apply to the peril (windstorm) causing damage to them. Additional Living Expense: Covered Additional Living Expenses are: Rental = ________________________ Utilities = ___________________ Commuting = ____________________ One-time telephone charge =_____________ Total additional living expenses = _________________ The following is the summary of the payment that Bill will receive: Dwelling Greenhouse
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Personal Property Trees Debris Removal Additional Living Expense
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  • Fall '19
  • actual cash value, Barney, Insurance terms, following coverages

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