QL. A ladies" fabice retail company, comiting of a large chain of shops, situated inly in shopping malls, suffers a fire in its main supply warchowe. A large amount of stock-clothing and fubice acessories-is destroyed. Some stock is smoke damaged, but some is saved. There a damage to the building and some pill the modern tested racking system. At the time of the fire the insurance cover was as follows Item Description Seminvered (GHC) Basis of cover 1 Building including fixtures & fittings Reitstatement 2 Machinery and all other contents Rais 1 Stock 2.000.000 Indemnity 4 Business interruption press profita 9,000,000 Declaration linked Maximum indemnity period is Twelve months Tumever in the nearest financial year was 15,000,000 GHIC 750,000 Building repair Machinery repair and replacement Office cente 650.000 45.000 Stock 950.000 33.000 Architects and surveyorsfees Business laternation: Redactice in turnover is in for a period of these meth3.750,000 Saving 150.000 Increased cost of working economic 50,000 The insured discovers that he has accidentally underinued hem. This should have replacement cost of GHCI 400.000 Liability has been established under the policy a) Gakulate the total Material Damage (MD) din 110 marks! 5) Calculate the total Business laterruption (3) kes 118 marks QL. A ladies" fabice retail company, comiting of a large chain of shops, situated inly in shopping malls, suffers a fire in its main supply warchowe. A large amount of stock-clothing and fubice acessories-is destroyed. Some stock is smoke damaged, but some is saved. There a damage to the building and some pill the modern tested racking system. At the time of the fire the insurance cover was as follows Item Description Seminvered (GHC) Basis of cover 1 Building including fixtures & fittings Reitstatement 2 Machinery and all other contents Rais 1 Stock 2.000.000 Indemnity 4 Business interruption press profita 9,000,000 Declaration linked Maximum indemnity period is Twelve months Tumever in the nearest financial year was 15,000,000 GHIC 750,000 Building repair Machinery repair and replacement Office cente 650.000 45.000 Stock 950.000 33.000 Architects and surveyorsfees Business laternation: Redactice in turnover is in for a period of these meth3.750,000 Saving 150.000 Increased cost of working economic 50,000 The insured discovers that he has accidentally underinued hem. This should have replacement cost of GHCI 400.000 Liability has been established under the policy a) Gakulate the total Material Damage (MD) din 110 marks! 5) Calculate the total Business laterruption (3) kes 118 marks
