In the heart of a bustling city, construction sites are as common as coffee shops. Among the list of projects, there$$s one that stands out $$ a sleek modern office building that promises to redefine the downtown area of the city of Winnipeg. Behind this vision is Alex Morgan, a seasoned contractor with a reputation for turning architectural dreams into reality.

As construction progresses, Alex remains vigilant in implementing protocols and monitoring the site for any signs of trouble. However, just when everything seems to be running smoothly, disaster strikes. A sudden storm unleashes its fury upon the city, causing widespread damage to the construction site.

You are the broker who has provided the Builder$$s Risk Broad Form policy to Alex, which has no other optional coverages; and now he has the following questions regarding his coverage$/$policy:

$1.$ What three coverages does his policy include? $(3$ marks$)$

$2.$ Does he have coverage for his Tools located on the job site? $(1$ mark$)$

$3.$ Does he have coverage for his Equipment located on the job site? $(1$ mark$)$

$4.$ What would have been the amount of insurance on the building under construction that you would have provided to Alex when you sold him the policy? $(1$ mark$)$

$5.$ Alex wants to know if his policy contains a co$-$insurance clause, if not, why? $(2$ marks$)$ THIS IS COMMERCIAL INSUURANCE