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Please help me with this question. Thank you! Bob repairs computer equipment in his shop. His business has been rapidly expanding, and sixty days ago,
Please help me with this question. Thank you!
Bob repairs computer equipment in his shop. His business has been rapidly expanding, and sixty days ago, he opened a new store. This new store recently had a fire loss involving extensive property damage, which made the store unusable. He is insured under a BIC and paid an additional premium for the Newly Acquired Locations coverage extension. Bob did not report the existence of his new store to his insurer until the day of the fire. Will this coverage extension respond to Bob's fire loss? Explain your Step by Step Solution
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