Using Option Strategy Concepts,what Is the Value of an Insured

question 19

Multiple Choice

Using option strategy concepts,what is the value of an insured home,if the value of the uninsured home is $220,000,the house was purchased for $180,000 and the house has a casualty policy costing $500 with a $2,000 deductible? Ignore interest costs.

• A) $180,000
• B) $217,500
• C) $220,000
• D) $222,500

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Definitions:

Wound Nurse Consult

Professional assessment and guidance by a nurse specialized in wound care, focusing on treatment plans for optimal healing.

Reddened Area

A portion of the skin that appears red due to inflammation, injury, or irritation.

Bathing

The process of washing the body with water and soap, which can be for cleanliness, relaxation, or therapeutic purposes.

Wound Infection

The invasion of a wound site by pathogenic bacteria, resulting in delayed healing and potential complications.