1. Assume you work as a broker for an insurance company, and you just landed a new client. Your client is a manufacturing company headquartered in St. Louis and employs 125 people. The company manufactures automotive components and has warehouses and distribution centers in various locations in the region. You have been asked to evaluate your client's current property insurance program and determine if they have appropriate coverage. What property exposures does this client potentially have and how would you go about evaluating what is needed in their property program? (Consider types of property, values, perils, etc.) (4 points) 2. What are the potential financial consequences of your customer's property loss exposures? Give a detailed account of what things you would consider and provide examples. (3 points) 3. Your new client is trying to decide which property insurance form to buy. They want to better understand the differences between basic, broad, and special coverage forms). How would you explain to your customer the differences and which one they should consider purchasing? Why are you recommending that coverage form? What are the benefits of this recommendation? (2 points) 4. What types of property would your customer have coverage for with their policy? Give the common categories of property that are often covered in property form. Also, give an example of a property that would fall into each of these categories. (2 points) 5. What information can be found on the BPP Declaration page? Provide at least 4 examples. (4 points) 6. Assume a business buys a commercial property policy with a cause of loss form- BASIC. First name the cause of loss (peril) and, secondly, explain whether each of the following losses would be covered under the BASIC policy. (3 points) a. A windstorm damaged the roof. b. Vandals broke several windows in the building c. During a major storm, the river runs overflow the banks, and rising water seeps into the building and destroys the flooring. d. A sinkhole destroys retail building e. Mechanical Breakdown of Equipment f. Natural gas leak in the building causes an explosion.