Question
What should the business income insurance limits be for each location? Format: Building $0 with Replacement Cost and Agreed Value Optional Coverages; Business Personal Property
What should the business income insurance limits be for each location? Format:
Building $0 with Replacement Cost and Agreed Value Optional Coverages; Business Personal Property $0 with Replacement Cost and Agreed Value Optional Coverages; Extension of Replacement Cost to Personal Property of Others $0, etc.
California building, approximately 20,000 square feet, the store is about 6,000 square feet, and the remaining 14,000 square feet is leased out to three different businesses. The building is valued at $2,000,000.
The store in Texas is approximately 3,500 square feet and is leased.
The store in Illinois is approximately 2,500 square feet and is leased.
Computer equipment is approximately $100,000 for all locations.
Personal property and inventory amounts by location:
California:
Personal Property - $25,000
Inventory - $50,000
Texas:
Personal Property - $15,000
Inventory - $35,000
Betterments and Improvements - $20,000
Illinois:
Personal Property - $20,000
Inventory - $45,000
Betterments and Improvements - $15,000
Annual Sales - $5,200,000
Texas - $1,200,000
Illinois - $1,800,000
California - $2,200,000
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