Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
icon
Related questions
Question

help

Your client has a $200,000 Homeowners Comprehensive policy. Due to a fire which causes substantial damage to
the home, the family must rent another house for three months, at a rent of $1,000 per month. Assuming your
client's mortgage payments are $900 per month, which one (1) of the following amounts will his/her Homeowners
policy pay towards the cost of renting the temporary house (ignore application of deductible)?
OA) $5,700.00
OB) $300.00
OC) $3,000.00
OD) $2,400.00
Transcribed Image Text:Your client has a $200,000 Homeowners Comprehensive policy. Due to a fire which causes substantial damage to the home, the family must rent another house for three months, at a rent of $1,000 per month. Assuming your client's mortgage payments are $900 per month, which one (1) of the following amounts will his/her Homeowners policy pay towards the cost of renting the temporary house (ignore application of deductible)? OA) $5,700.00 OB) $300.00 OC) $3,000.00 OD) $2,400.00
Amir, a client, phones the Broker to advise that his insured vehicle, is being repaired in a garage. Amir has just signed
an agreement for a rental car. Under the Ontario Automobile Policy (OAP) 1, where would the coverage for his rental
vehicle be found?
OA) Newly Acquired Automobile
O B) Temporary Substitute Automobile
OC) Ontario Policy Change Form (OPCF) 27 Legal Liability for Non Owned Automobiles
OD) Ontario Policy Change Form (OPCF) 20 Coverage for Transportation Replacement
Transcribed Image Text:Amir, a client, phones the Broker to advise that his insured vehicle, is being repaired in a garage. Amir has just signed an agreement for a rental car. Under the Ontario Automobile Policy (OAP) 1, where would the coverage for his rental vehicle be found? OA) Newly Acquired Automobile O B) Temporary Substitute Automobile OC) Ontario Policy Change Form (OPCF) 27 Legal Liability for Non Owned Automobiles OD) Ontario Policy Change Form (OPCF) 20 Coverage for Transportation Replacement
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles Of Marketing
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
Marketing
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing: An Introduction (13th Edition)
Marketing
ISBN:
9780134149530
Author:
Gary Armstrong, Philip Kotler
Publisher:
PEARSON
MKTG 12:STUDENT ED.-TEXT
MKTG 12:STUDENT ED.-TEXT
Marketing
ISBN:
9781337407595
Author:
Lamb
Publisher:
Cengage
Contemporary Marketing
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning