5. Blanket Insurance Jack presently owns three carpet stores. The amount of stock and contents at building one is $400,000.: location two contains business personal property valued at $250,000, while location three contains inventory of $200,000. Due to constant shifts of inventory among the three locations, Jack purchased basic perils, blanket insurance in the amount of $400,000 for all of his business personal property. He is confident about this limit because it would be the maximum possible loss at any one location. The policy has a $1,000 deductible. Location two is totally destroyed by an explosion. Under normal blanket policy conditions, what amount would Jack collect from his insurance company for the total loss of contents at location two? Other Insurance Problems Fred's Outpost Restaurant is located in an unprotected area, so he was required to divide his fire insurance among four companies belonging to the Quaker State Group: 1. Company A insures the building for $50,000. and carries $50,000. on the contents. 2. Company B insures the building for $100,000 3. Company C insures the contents for $25,000. and the Building for $75,000. 4. Company D insures contents for $40,000. and the building for $60,000. The value of the building is $300,000 and contents are valued at $150,000. The common policy is a CPP with a $1.000 deductible. The isolated restaurant suffers a fire loss resulting in damage to the building of $100,000 and damage to contents of $50,000. What amount would each insurer contribute to this claim? Blanket Insurance Jack presently owns three carpet stores. The amount of stock and contents at building one is $400,000., location two contains business personal property valued at $250,000. while location three contains inventory of $200.000. Due to constant shifts of inventory among the three locations, Jack purchased basic perils, blanket insurance in the amount of $400,000 for all of his business personal property. He is confident about this limit because it would be the maximum possible loss at any one location. The policy has a $1,000 deductible. Location two is totally destroved by an explosion. Under normal blanket policy conditions, what amount would Jack collect from his insurance company for the total loss of contents at location two? Other Insurance Problems Fred's Outpost Restaurant is located in an unprotected area, so he was required to divide his fire insurance among four companies belonging to the Quaker State Group: 1. Company A insures the building for $50,000. and carries $50,000. on the contents. 2. Company B insures the building for $100,000. 3. Company C insures the contents for $25,000. and the Building for $75,000, 4. Company D insures contents for $40,000. and the building for $60,000. The value of the building is $300,000 and contents are valued at $150,000. The common policy is a CPP with a $1,000 deductible. The isolated restaurant suffers a fire loss resulting in damage to the building of $100,000 and damage to contents of $50,000, What amount would each insurer contribute to this claim