Property Principles and Contract Exercise Name 1. A commercial building is insured on a Basic Perils Policy. The value of the building is $2,500,000 The building is insured in the amount of $1,500,000 with a deductible of $5,000. The coinsurance clause is BOX There is a partial fire loss with damages in the amount of $80,000. How much will be paid for this claim? 2. The building is totally demolished by a tornado. How much will be paid? 3. There is a vandalism claim for $2,000. How much will be paid? 4. Weight of ice and snow causes the roof to collapse, and damages total $200,000. How much will be paid under this policy