2-7. A used celebrity guitar business conducts most of its sales via its website. Its warehouse...

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2-7. A used celebrity guitar business conducts most of its sales via its website. Its warehouse and office operations are housed in a large building, which is insured under a EPP. The office contains the company's servers, currently valued at $300,000. Two years ago, the company purchased a separate electronic data processing (EDP) equipment policy to cover its computer hardware. The com- pany has kept the policy in force, but it has not increased the original $200,000 amount of insurance. A computer room fire destroys all of its servers. How much will each policy provide in covering the loss? 2-7. A used celebrity guitar business conducts most of its sales via its website. Its warehouse and office operations are housed in a large building, which is insured under a EPP. The office contains the company's servers, currently valued at $300,000. Two years ago, the company purchased a separate electronic data processing (EDP) equipment policy to cover its computer hardware. The com- pany has kept the policy in force, but it has not increased the original $200,000 amount of insurance. A computer room fire destroys all of its servers. How much will each policy provide in covering the loss?