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Wilson Manufacturing Company insures its factory and business personal property under a BPP with the following limits, which satisfy the policy's 80 percent coinsurance requirement:
Wilson Manufacturing Company insures its factory and business personal property under a BPP with the following limits, which satisfy the policy's 80 percent coinsurance requirement: Building $500,000 Your Business Personal Property $800,000 Wilson's property was damaged by a covered peril. Indicate how much, if anything, Wilson's BPP should pay for each of the following aspects of the loss. Ignore any deductible. a) Several underground pipes, valued at $5,000, destroyed. were b) $1,300 cash was destroyed. c) Wilson was required by local ordinance to pay a $500 service charge to the local fire department. d) Plans and blueprints owned by Wilson were destroyed. The cost of research to replace these valuable papers $6,000. was e) Patterns owned by a customer of Wilson's were destroyed. Their actual cash value $5,000. was Wilson Manufacturing Company insures its factory and business personal property under a BPP with the following limits, which satisfy the policy's 80 percent coinsurance requirement: Building $500,000 Your Business Personal Property $800,000 Wilson's property was damaged by a covered peril. Indicate how much, if anything, Wilson's BPP should pay for each of the following aspects of the loss. Ignore any deductible. a) Several underground pipes, valued at $5,000, destroyed. were b) $1,300 cash was destroyed. c) Wilson was required by local ordinance to pay a $500 service charge to the local fire department. d) Plans and blueprints owned by Wilson were destroyed. The cost of research to replace these valuable papers $6,000. was e) Patterns owned by a customer of Wilson's were destroyed. Their actual cash value $5,000. was
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