1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Irina-Kira [14]
3 years ago
11

Which of the following clauses states that full payment of damages to structures under the homeowners policy will be made only i

f the insurance equals 80 or more percent of the replacement cost of the structure and is carried on the property at the time of the loss?
a. Coinsurance clause.
b. Inflation rider clause.
c. Reinsurance clause.
d. Replacement clause
Business
1 answer:
Andrews [41]3 years ago
3 0

Answer: coinsurance clause

Explanation:

A coinsurance clause is a provision in the home insurance policy which requires the individual to carry coverage that is worth a certain percentage of the home's value. The failure to meet requirement will reduces the compensation after a loss.

Under the coinsurance clause, the insurance company will reimburses the value of damages to an insured asset for at least 80% of the replacement value of the asset. The reinsurance clause allows an insurer to take the reinsurance based on the original insurance.

You might be interested in
If the beginning balance of the Accumulated Depreciation—Equipment account is $10,000 and an adjusting journal entry is recorded
kari74 [83]

Answer:

B. $12,500

Explanation:

Accumulated depreciation is the cumulative depreciation of an asset up to a single point or current point in its life.

Each period, the depreciation expense recorded in that period is added to the beginning accumulated depreciation balance. Therefore when there's an entry of depreciation of an equipment, the current value is added to the previous total of the old entry. Therefore the balance of the the depreciation after current entry is the beginning balance of the depreciation plus the balance entered into the record.

In this case, the beginning balance was $10,000 and the entry was $2,500

Hence, balance of accumulated depreciation account after entry is 10000 + 2500 = $12,500

6 0
3 years ago
Which of the following policies is the government most inclined to use when faced with a positive externality? Group of answer c
In-s [12.5K]

Answer:

subsidies

Explanation:

Subsidies refer to financial aid for some specific purpose and to some specific category as decided by the government. As for the instance the government can provide subsidy in the form of house to poor people in the country.

Now here the rich people can afford their own houses and that they can pay the taxes as well which are attached to the the houses, which provide extra benefit to the poor, as the government can provide the subsidy then more efficiently.

The positive externalities increase the benefits for every citizen.

4 0
2 years ago
Strategic plans translate tactical plans into specific goals and actions for small units of the organization and focus on the ne
alekssr [168]
False it’s operational plans
7 0
3 years ago
If the working-age population ________ and the labor force does not change, the ________.
FinnZ [79.3K]
E. Increases; unemployment rate will increase
6 0
3 years ago
For more advanced language learners, these can provide both news and drama from which teachers can create motivational practice
Georgia [21]
The answer is: Radio Broadcast

Radio broadcast is a perfect platform for people who want to learn a new language because its provide:
- a 24 hour shows, so you could listen it anytime you want
- It only require your hearing, so you could do it while driving, cooking, or do other thing
8 0
3 years ago
Other questions:
  • The 2011 income statements of Leggett & Platt, Inc., reports net sales of $3,636.0 million in 2011 and $3,359.1 million in 2
    9·1 answer
  • People may work for many different reasons what are three of them
    8·1 answer
  • A one-brand-name strategy should be adopted when the name cannot be pronounced in the local language, when the brand name is own
    13·1 answer
  • When underapplied or overapplied manufacturing overhead is prorated, amounts can be assigned to which of the following accounts?
    12·1 answer
  • Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Dire
    13·1 answer
  • You are thinking of purchasing a house. The house costs $350,000. You have $50,000 in cash that you can use as a down payment on
    9·1 answer
  • Lonny (37) is a U.S. citizen. He was married at the beginning of the current tax year. His wife lived in the household until Sep
    15·1 answer
  • The Securities and Exchange Commission (SEC) may discipline accountants. Under its disciplinary powers, the SEC may suspend an a
    7·1 answer
  • In two to three sentences, describe the nonverbal communication in the photo below and whether it is effective or ineffective.
    14·1 answer
  • Partnership XYZ distributed a piece of land in a nonliquidating distribution to Bob, a 50% partner, during the current taxable y
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!