need help asap The standard maximum Income Replacement Benefit payable under O.A.P. 1 Owner's Policy "Section 4 - AccidentBenefits Coverage" is $400 per week for the first 104 weeks. The actual amount payable is based on which one (1) of thefollowing?OA) 70% of Gross Income.OB) 80% of Gross Income.OC) 70% of Net Income.OD) 80% of Net Income. Margaret and her family are not able to stay in their home while it undergoes repairs due to a fire. Margaret has aBroad Form Policy, and calls her Broker to complain that her insurer refuses to pay for the cost of her mortgage at thistime. She has been paying for a hotel room for the family and the additional expenses are impacting the familybudget. What assistance could her Broker offer?OA) Negotiate with the insurer. If that does not work, the matter may need to be escalated to claims management.OB) Explain to Margaret that she did not purchase a Comprehensive Policy, so the coverage for her mortgage isnot included.OC) Explain to Margaret that she should talk to her mortgage insurance provider.OD) Explain to Margaret that the Insurer will pay for the cost of the hotel room.

The correct option is A) 70% of Gross Income..Explaination : This means that the actual amount…

Answered: Margaret and her family are not able to…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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