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FromTheMoon [43]
2 years ago
6

As a result of a major hurricane, James' property experienced heavy flooding. His home was in a specialized flood hazard area. W

hat insurance will allow James to recoup part of his losses
Business
1 answer:
Irina-Kira [14]2 years ago
7 0

National Flood Insurance will allow James to recoup part of his losses.

The NFIP presently owes $20.525 billion to the U.S. Treasury, leaving $9.nine billion in borrowing authority from a $30.425 billion restriction in law. This debt is serviced by using the NFIP and hobby is paid through top rate revenues.

According to the NFIP, the following varieties of harm aren't blanketed via flood coverage: damage resulting from moisture, mold, or mold that would have been avoided by the assets proprietor or which isn't always due to the flood. Harm resulting from earth motion, although the earth movement is because of the flood.

The NFIP gives flood coverage to asset proprietors, renters, and organizations, and having this insurance enables them to get better faster whilst floodwaters recede. The NFIP works with communities required to adopt and implement floodplain management regulations that help mitigate flooding effects.

Learn more about Insurance here brainly.com/question/25855858

#SPJ4

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Answer:

Air

Explanation:

In terms of spending, the biggest mode of transportation is air transportation. It is used to convey items that are perishable and that have relatively high value.

3 0
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If product Y is an inferior good, a decrease in consumer incomes will rev:
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Answer: Option (B) is correct.

Explanation:

Inferior good is a good whose demand is inversely related with the consumers income. This means that if there is an increase in the income of the consumer then as a result demand for normal good increases but demand for inferior goods decreases.

On the other hand, if there is a decrease in the income of the consumer then as a result demand for normal good decreases but demand for inferior goods increases.

Hence, decrease in consumer incomes will increase the demand of product Y and the demand curve for product Y to the right.  

4 0
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Beth and Bob Martin have total take-home pay of $5,000 a month. Their monthly expenses total $4,360. Calculate the minimum amoun
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Answer:

the minimum amount that required to create an emergency fund is $13,080

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= Monthly expenses × minimum months

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= $13,080

hence, the minimum amount that required to create an emergency fund is $13,080

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