its about insurance

AH of the following are disadvantages and Special Considerations when Writing property insurance on a Blanket basis ExcEPT: Blanket may not be possible because of form restrictions Blanked may not be possible because of underwifing considerations Named insured may bave 100% insusance to value at each location, but only has to carry 90% insurarice to value for all locations combened Requies statement of values QUESTION 6 Lisa's Botique insures the contents of its sore on a Bulding and Personal Property Coverage Foem with a Value Reporting Form that requres monthiy reporting The policy renewed on Janwary 1 and is witten with a provisional lim of $300,000. Note For smplicity assume there are 30 days n each month Colonial has never sent in a report. A covered loss cxcurs in the amount of $100,000 on April 15 . How much wil be paid for thes loss (Numbers Only). QUESTION 7 Lnis Hotique insures the contents of its store on a Buldng and Personal Property Ceverage foem with a Value Repoetog Form that iequres monthy reportang. The policy renewed on January 1 and is wertien with a provisonal imi of $300.000 Lisa's has been reportng values accurately and on tene A covered loss occurs on May 5 , in the ameunt of $150,000. The last report was for the month of March, which was received Apti 15 , showed $100,000 in values How much wil be pas for this loss (Numbers Orey) QUESTION 8 Lras Bouque insures the contents of ins store on a Puiling and Personal Property Coverage Formi with a Value Roporting form that requires monthly reporting The policy renewed an January 1 and is written with a giovisonal amt of $300,000 Lisa's has been reportang on lime, but they have been understating the values They had a covered loss an july 25 in the amount of $120,000. Ther June report showed a vatue of $100.000, Hoverer, an avdi of the books revealed actual valies of $200,000 at the end of June How nuch will be pard for thes loss: (Numbers Orly)