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

Understanding the coverage provided by a Homeowners Comprehensive policy is crucial when assessing…

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Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 36P

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