1. (3 Points) Smith's Garage owns a building with an actual cash value of $100,000. How...

 

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1. (3 Points) Smith's Garage owns a building with an actual cash value of $100,000. How much would Smith's Garage recover under its BPP in each of the following situations? Scenario Limit of Insurance $80,000 $80,000 $100,000 a b O Coinsurance 80% 80% 80% ACV of Loss $10,000 $90,000 $50,000 Deductible $1,000 $1,000 $1,000 1. (3 Points) Smith's Garage owns a building with an actual cash value of $100,000. How much would Smith's Garage recover under its BPP in each of the following situations? Scenario Limit of Insurance $80,000 $80,000 $100,000 a b O Coinsurance 80% 80% 80% ACV of Loss $10,000 $90,000 $50,000 Deductible $1,000 $1,000 $1,000

Answer rating: 100% (QA)

Determine the amount that Smiths Garage would recover under its Business Personal Property BPP insur... View the full answer