Property Principles and Contract Exercise Name: 1. A commercial building is insured on a Basic Perilis 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 is80%. 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? 5. There is an unprotected restaurant with a value of $1,000,00. it is insured by three companies on Broad Perils Commercial Policy with an 80% coinsurance dause. There is deducible of Sion Company A provides $500,000. Company B-provides $300,000. Company C-provides $200,000 in coverage. There is a $400,000 fire loss. How much is paid by each company before the deductible is pro-rated