Question
Kenny owns Mania, LLC. He has a BPP with a $300,000 building limit and a $150,000 business personal property limit. Both coverages have an 80%
Kenny owns Mania, LLC. He has a BPP with a $300,000 building limit and a $150,000 business personal property limit. Both coverages have an 80% coinsurance provision. Further, Kenny has a $1000 deductible. If Kenny has a covered loss of $290,000 to his building, and the insurer determines that the value of his building was $420,000. How much can Kenny expect to receive from his insurer?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
10th Edition
0201785676, 9780201785678
