Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer the following question: Sammy owns a surf & skate shop insured under a CPP that includes BPP coverage, with a causes-of-loss broad form. The

Answer the following question:

image text in transcribed
Sammy owns a surf & skate shop insured under a CPP that includes BPP coverage, with a causes-of-loss broad form. The CPP also includes CGL coverage, written on an occurrence basis. Pursuant to the declarations page, the coverage applies to the shop itself and Sammy's business property. Sammy also insured the business for $100,000 under a business income (and extra expense) coverage form. A fire destroys several skateboards Sammy was repairing for customers. Based on the info above, is the loss covered? Yes, because Sammy's policy includes liability coverage. Yes, because Sammy's policy covers property in the care, custody, or control of the business. No, because Sammy's policy does not cover property that does not belong to the business. ()No, because Sammy' policy does not include liability coverage

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Regulation Of Lawyers Problems Of Law And Ethics

Authors: Stephen Gillers

12th Edition

1543825869, 978-1543825862

More Books

Students also viewed these Law questions