Business Law Principles and Practices
Quiz 37 :
Property, Casualty and Automobile Insurance
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Q47 Q47 Q47
Boyd's car, which originally cost $20,000, has a market value of $12,000. She has collision insurance on the car with a $250. deductible. One night she skidded on some ice, slammed into a building, and completely destroyed her car. How much can she collect from the insurance company?
Q50 Q50 Q50
Wilson sold a valuable coin collection to Blake. Since the insurance policy on the collection still had two years to run, Wilson turned it over to Blake without notifying the insurance company. A year later, the collection was stolen. Is the insurance company liable for the loss?