Piona bought a house on acre of land and paid the seller $164,000. The house has
ID: 2813022 • Letter: P
Question
Piona bought a house on acre of land and paid the seller $164,000. The house has a garage, and Piona parks her Subaru sedan in the garage. The Subaru has a market vlue $7,000. Piona’s husband jeeps his collectibles at the house, and the collectibles are worth $5,500. Which of following statements concerning the maximum possible loss for Piona at her house is correct? And write the explanation of the answer. A. The maximum possible loss for fire will include the house but not the Subaru sedan. B. The maximum possible loss for theft will include the collectibles and the house. C. The maximum possible loss for windstorm will include the sedan but not the collectibles. D. The maximum possible loss for flood will include the sedan and the collectibles.
Explanation / Answer
Option A.
Maximum possible loss for fire will incude the house but not sedan.
More loss we can see, in case of fire.
Option- B.
In case of theft, only valuable items we can loose, not the building. compared to other options, will have minimum loss in case of theft.
Option C &D-
We can have some receovarable value from building in situation of flood and windostorm.
so compariively from option A will have maxximum loss