The following is a Statement of Values which details the information about each insured location. This Statement of Values will apply to all parts of question 8. The information for each Premises and Building Number is at the beginning of each question. Eastern Investors, Inc. owns and manages a number of office buildings, apartment complexes, strip shopping centers, convenient stores and warehouses, all located in Eastern North Carolina. They lease space to various entities for office occupancies, storage or retail sales. Listed below are the properties owned. All are insured in a CPP using the Building and Personal Property Coverage Form CP 00 10 10 12. The replacement Cost option has been checked on the Commercial Property Coverage Part Declarations Page Assume Building Replacement Cost and Personal Property Replacement Cost is the actual value of the property at the time of loss unless stated different in the question. . . C. Premises Number 1 Building Number 2 Occupancy: Storage Building used by Eastern Investors Location: Rear 1005 Arlington Blvd., Greenville NC Building Replacement Cost: $100,000 Personal Property Replacement Cost: 50,000 Limit of Insurance Building: $100,000 Personal Property: 50,000 Coinsurance 80% Deductible $1,000 . . Question: Premises 1, Building 2: Fire destroys the building and causes a total loss to both building and contents. The cost to remove the debris is 35,000. The claims adjuster determined the value of the building after the loss was $110,000 and the contents were $52,000. How much will the Insurance Company pay? Show your calculations and explain your answer. Question: Premises 1, Building 2: Paint, pesticides and other chemicals used in cleaning buildings are stored in the building. The fire causes the paint, pesticides, and chemicals to cover the ground. Is there Pollution Coverage and if so, what amount? The following is a Statement of Values which details the information about each insured location. This Statement of Values will apply to all parts of question 8. The information for each Premises and Building Number is at the beginning of each question. Eastern Investors, Inc. owns and manages a number of office buildings, apartment complexes, strip shopping centers, convenient stores and warehouses, all located in Eastern North Carolina. They lease space to various entities for office occupancies, storage or retail sales. Listed below are the properties owned. All are insured in a CPP using the Building and Personal Property Coverage Form CP 00 10 10 12. The replacement Cost option has been checked on the Commercial Property Coverage Part Declarations Page Assume Building Replacement Cost and Personal Property Replacement Cost is the actual value of the property at the time of loss unless stated different in the question. . . C. Premises Number 1 Building Number 2 Occupancy: Storage Building used by Eastern Investors Location: Rear 1005 Arlington Blvd., Greenville NC Building Replacement Cost: $100,000 Personal Property Replacement Cost: 50,000 Limit of Insurance Building: $100,000 Personal Property: 50,000 Coinsurance 80% Deductible $1,000 . . Question: Premises 1, Building 2: Fire destroys the building and causes a total loss to both building and contents. The cost to remove the debris is 35,000. The claims adjuster determined the value of the building after the loss was $110,000 and the contents were $52,000. How much will the Insurance Company pay? Show your calculations and explain your answer. Question: Premises 1, Building 2: Paint, pesticides and other chemicals used in cleaning buildings are stored in the building. The fire causes the paint, pesticides, and chemicals to cover the ground. Is there Pollution Coverage and if so, what amount
