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A building is insured for $200,000 under an unendorsed Building and Personal Property Coverage Form (BPP). The building is completely destroyed by a covered peril.
- A building is insured for $200,000 under an unendorsed Building and Personal Property Coverage Form (BPP). The building is completely destroyed by a covered peril. At the time of the loss, the building was worth $200,000. Additional costs incurred by the insured included $27,000 in debris removal and a $1,000 fire department charge required by local ordinance. Ignoring any deductible, the insurer would pay
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