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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

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Which of the following statements concerning the selection of risk management techniques and insurance market conditions is (are
valentinak56 [21]

Answer:

I.It's easier to purchase affordable insurance during a "soft" market than during a "hard" market

I only

Explanation:

When a purchaser of insurance wants to make a purchase he analyses the market to get a favourable condition that reduces risk and loss.

The market condition can be a soft market or hard market.

Soft market is one in which potential sellers are more than potential buyers. So supply exceeds demand. Buyers are able to buy affordable insurance.

Hard market on the other hand is when there is an upswing in market cycle. Premiums increase and capacity for insurance decreases.

It is more difficult to get affordable insurance in this market

6 0
3 years ago
PLEASE HELP :(
DedPeter [7]

Answer:

A transaction that involves the investment of cash in a business is debited because

1) For a business to invest cash for their expansion, involves the reduction of finances in the available revenue or profit for the purchase of equipment, property and software for internal use, for which money has to be drawn, which is a form of b=debit

2) For an owner investing money into his business, is taken as an increase in the amount the business owes the owner, which is equivalent to amount owed the owner which has to be recorded as a debit for financial accounting

Explanation:

3 0
2 years ago
Oscanda Accessories Corporation manufactured 21,400 travel bags during March. The following fixed overhead data pertain to March
aivan3 [116]

Answer:

$8,500 favorable

Explanation:

The computation of the fixed overhead spending variance  is shown below

= Budgeted fixed overhead - actual fixed overhead

= $184,800 - $176,300

= $8,500 favorable

We simply deduct the actual fixed overhead from the budgeted one so that the fixed overhead spending variance could come

7 0
3 years ago
According to boatright, what are the difficulties facing the stakeholder position?
skelet666 [1.2K]

The requirements and expectations of all the stakeholders are the focus of stakeholder management, yet a fundamental error that occurs is the undersatisfaction of all stakeholder groups.

<h3>Who Are the Stakeholders?</h3>

A stakeholder is a person, group, or organization whose interests are affected by a project's or business venture's outcome. The success of the project is important to stakeholders, who may be inside or outside the sponsoring company. Stakeholders are crucial since their decisions can have a good or negative impact on the project. There are other important stakeholders whose backing is required for the project to proceed.

Like every other participant in the project, a stakeholder is a person, but some are simpler to manage than others. Stakeholder mapping techniques must be learned if you want to find out who your main stakeholders are and make sure you are meeting their needs.

To know more about stakeholder visit:

brainly.com/question/14514176

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8 0
1 year ago
What is the term for consumers utilizing a number of different options such as traditional brick and mortar stores, online store
andreyandreev [35.5K]

The term for consumers utilizing a number of different options such as traditional brick and mortar stores, online stores, and via mobile devices apps for purchasing products is channel hopping.

Brick-and-Mortar is a term that is used to refer to a business of the traditional style market that provides products and services to their customers in a face-to-face manner.

Online stores refers to the various stores that are available online and that offer a huge amount of variety of products.

When consumers tend to utilize different options in form of traditional brick mortars , online stores and other options available to them.

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brainly.com/question/27773546

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7 0
2 years ago
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