Examlex

Solved

Showplace Insures Its $160,000 Building with Two Insurers: with Hometown

question 4

Essay

Showplace insures its $160,000 building with two insurers: with Hometown Insurance for $60,000 and with National Insurance for $120,000. The building suffers a fire loss of $75,000. From whom and for how much can Showplace collect?


Definitions:

Medical Technology

The application of scientific knowledge and advances to improve healthcare practices, diagnostics, and treatment outcomes.

Medicare Program

A federal health insurance program in the United States for people aged 65 and older, as well as for some younger individuals with disabilities.

Hispanic Americans

People living in the United States who are descendants or immigrants from Spanish-speaking countries, contributing to the cultural diversity of the nation.

Medical Care

Professional diagnosis, treatment, and prevention of illness or injury by health professionals.

Related Questions