2. Hunt's trailer is stolen while it is in Alvarez's possession under a trailer interchange agreement....
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2. Hunt's trailer is stolen while it is in Alvarez's possession under a trailer interchange agreement. A new trailer of the same type would cost $30,000. The damaged trailer's depreciated value is $25,000. But a replacement trailer similar to the one that was stolen can be obtained for $20,000. Hunt lost $8,000 in revenue because it could not use the trailer until it was replaced. Ignoring deductibles, how much should Alvarez's insurer pay to Hunt under the trailer interchange coverage of Alvarez's motor carrier policy, which includes comprehensive coverage with a $35,000 limit? oa. $8,000 Ob. $20,000 c. $25,000 od. $33,000 2. Hunt's trailer is stolen while it is in Alvarez's possession under a trailer interchange agreement. A new trailer of the same type would cost $30,000. The damaged trailer's depreciated value is $25,000. But a replacement trailer similar to the one that was stolen can be obtained for $20,000. Hunt lost $8,000 in revenue because it could not use the trailer until it was replaced. Ignoring deductibles, how much should Alvarez's insurer pay to Hunt under the trailer interchange coverage of Alvarez's motor carrier policy, which includes comprehensive coverage with a $35,000 limit? oa. $8,000 Ob. $20,000 c. $25,000 od. $33,000
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