Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer all questions 4-4. part d. The building collapsed because of faulty construction methods and materials. Part e. Several fixtures that had not yet
please answer all questions
4-4. part d. The building collapsed because of faulty construction methods and materials.
Part e. Several fixtures that had not yet been installed were stolen from the building in the middle of the night.
Part f. Although some finish carpentry still needed to be completed and the building had not been formally accepted by the owner, the owner occupied the new building on October 1. On October 2, the entire structure was destroyed by fire.
Application Question 4-4. An office building under construction is insured by its owner under the BRCE to which the Causes of Loss Special Form is attached. Explain whether each of the following losses would be covered under the policy. a. Building supplies owned by the insured and worth $5,000 were destroyed by vehicle collision while being conveyed on a supplier's truck to the insured location b. A hailstorm destroyed several trees and plants that the landscaping con- tractor had just planted at the insured location. c. Roofing shingles worth $3,000 belonging to the roofing contractor (not an insured under the policy) and being stored outside the building but within 100 feet of the premises were destroyed by fireStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started