Question

Question 8 & 9 please!! Thank you!

Question 8 (0.5 points) How much would you receive with replacement cost coverage for a four-year-old sofa destroyed by fire? The sofa would cost $830 to replace today, whereas it cost $800 four years ago and had an estimated life of 8 years. Your Answer: Answer Question 9 (0.5 points) You have take home pay of $725 a week. Your disability insurance coverage replaces 75% of your earnings after a four-week waiting period. What amount would you receive in disability benefits if an illness keeps you from work for 15 weeks? Your Answer:

Answer 1

8. In replacement cost coverage , the insured would receive the money required to replace the sofa . The replacement cost is $830 .Thus , we would receive $830.

9. Number of weeks we are disable = 15

Take home pay per week = $725

Cover = 75% of take home pay

Total amount receivable = 0.75 *725*15

= 8156.25