Question

Brad bought a $300 one-year fire insurance policy, then sold his home to Farmer Brown halfway through the policy year. What is one solution for the remaining six months of coverage that Farmer Brown paid for but will not use?

Answer 1

Brad can transfer the insurance policy to Farmer Brown to provide a solution for the remaining six months of coverage.

Step-by-step explanation:

To find a solution for the remaining six months of coverage that Farmer Brown paid for but will not use, Brad can transfer the insurance policy to Farmer Brown.

This can be done by contacting the insurance company and informing them about the change in ownership.

The insurance company will then transfer the policy to Farmer Brown's name and adjust the remaining coverage period accordingly.