Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 438 Weeks Ago, 5 Days Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Business & Finance Posted 29 May 2017 My Price 5.00

Andrew owns a commercial office building that is insured under three property insurance

Andrew owns a commercial office building that is insured under three property insurance contracts. He has $100,000 of insurance from Company A, $200,000 from Company B, and $200,000 from Company C.

a. Assume that the pro rata liability provision appears in each contract. If a $100,000 loss occurs, how much will Andrew collect from each insurer? Explain your answer.

b. What is the purpose of the other-insurance provisions that are frequently found in insurance contracts?

Answers

Alpha Geek
(8)
Status NEW Posted 29 May 2017 11:05 AM My Price 5.00

-----------

Attachments

file 1496057673-Answer.docx preview (111 words )
A-----------ndr-----------ew -----------own-----------s a----------- co-----------mme-----------rci-----------al -----------off-----------ice----------- bu-----------ild-----------ing----------- th-----------at -----------is -----------ins-----------ure-----------d u-----------nde-----------r t-----------hre-----------e p-----------rop-----------ert-----------y i-----------nsu-----------ran-----------ce -----------con-----------tra-----------cts-----------. H-----------e h-----------as -----------$10-----------0,0-----------00 -----------of -----------ins-----------ura-----------nce----------- fr-----------om -----------Com-----------pan-----------y A-----------, $-----------200-----------,00-----------0 f-----------rom----------- Co-----------mpa-----------ny -----------B, -----------and----------- $2-----------00,-----------000----------- fr-----------om -----------Com-----------pan-----------y C-----------. -----------a. -----------Ass-----------ume----------- th-----------at -----------the----------- pr-----------o r-----------ata----------- li-----------abi-----------lit-----------y p-----------rov-----------isi-----------on -----------app-----------ear-----------s i-----------n e-----------ach----------- co-----------ntr-----------act-----------. I-----------f a----------- $1-----------00,-----------000----------- lo-----------ss -----------occ-----------urs-----------, h-----------ow -----------muc-----------h w-----------ill----------- An-----------dre-----------w c-----------oll-----------ect----------- fr-----------om -----------eac-----------h i-----------nsu-----------rer-----------? E-----------xpl-----------ain----------- yo-----------ur -----------ans-----------wer-----------. -----------b. -----------Wha-----------t i-----------s t-----------he -----------pur-----------pos-----------e o-----------f t-----------he -----------oth-----------er------------ins-----------ura-----------nce----------- pr-----------ovi-----------sio-----------ns -----------tha-----------t
Not Rated(0)