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An insured has a Building & Personal Property Coverage Form with a building Limit of Insurance of $200,000 and a deductible of $1,000. A covered
An insured has a Building & Personal Property Coverage Form with a building Limit of Insurance of $200,000 and a deductible of $1,000. A covered peril causes $175,000 of damage to the building. The cost to clean up the debris of the damaged building is $40,000. How much of the debris removal expense will be paid under the Additional Coverage for Debris Removal? (You may assume that there is no coinsurance penalty).
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