Question

QUESTION 5 Owens Holdings owns a building with an actual cash value of $200,000. The property is insured under a Building and Personal Property Coverage Form (BPP) with a building limit of $140,000, an 80% coinsurance clause, and a $1,000 deductible. The policy includes a Cause of Loss - Basic Form covering the building. The building suffers $80,000 in water damage. Which one of the following amounts will Owens'insurer pay? (2 points) Choose one answer. $0 $79,000 $69,000 $79,000 QUESTION 6 Which one of the following optional coverages would obligate the insurer to pay for new property of like kind and quality, without any deduction for depreciation? (2 points) Choose one answer. Functional Replacement Cost Replacement Cost Actual cash value Agreed value

Answer 1

solution Given data, کی actual cash value $ 200.000 * The property is insured under a buiding and personal property coverage from (opp) with a building limit of $ 140,000 clause 80% consurance 1000 deduchable covering building - 801000 The owennas insure pays - low ey of (140.000, 80,000). - deductions. 801000 - 1000 $79000 The own's insure pays $ 79000 (79000) Hence option 'B' of correct Nole to HomeworkLib Guidelines we have to anzure se parelly --According only one queshon please post nextq ueshon thank you. Hope you liked it ☺