Bus115 insurance policies | Management homework help

Please answer the following questions with complete sentences.  Questions that ask for your analysis and opinion must state more than just a conclusion…you must also provide your reasoning and/ or facts and arguments that support your conclusion.  Relevant laws and/ or legal principles should be identified and defined as part of your answer.   You must also include the question number and question with your answers.  

 

1.  Research and summarize what type of auto insurance is required in the state of North Carolina.  

 

2.  Andrew received notice from his auto insurer that it would not renew his auto insurance policy.  It expired June 15th.  On June 16th, Andrew was driving and hit another vehicle, killing the passenger of the other vehicle.  Later that day Andrew applied for new insurance coverage.  On the application he said that he had not been in an accident in the last three years.  The new policy was effective at 12:01 am on June 16th.   Will the estate of the deceased passenger be able to recover under either the new or the old policy?  Why or why not?

 

3.  Insurance policies often contain a covenant of good faith and fair dealing. Even if the clause is not in the policy, often courts will imply it. Explain the covenant of good faith and fair dealing and provide an example illustrating when an insurance company might breach this covenant.

 

4.  Jackson owns a 1969 Ford Mustang convertible that he has restored himself.  It is worth $100,000, but with all the hours of labor he has poured into it, it’s worth far more to him.  He would never part with it for just $100,000.  He decides to insure it for $500,000.  Much to Jackson’s dismay his car is stolen.  Will the insurance company pay him $500,000 or $100,000 for his loss?  Explain your answer.







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10