Q2 Jay rents a room in his house to a college student In the

Q2. Jay rents a room in his house to a college student. In the event that the house is seriously damaged by a fire or other peril, what kind of loss(es), in addition to the actual cash value of the damaged home, is Jay likely to encounter? A2. (At least one loss exposure; and inappropriate explanation will make deduction)

Solution

Jay Loses his Rental Income which he can earn when the house exists

This is a Oppurtunity Cost for JAy

Q2. Jay rents a room in his house to a college student. In the event that the house is seriously damaged by a fire or other peril, what kind of loss(es), in add

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