Athena Aristotle operates a retail clothing store in West Vancouver. The store is located on the...
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Athena Aristotle operates a retail clothing store in West Vancouver. The store is located on the bottom floor of a building owned by Athena, One of Athena's friends rents the top floor for a residence. Recently, Athena suffered major property damage when a three-alarm fire destroyed her building. The cause of the fire is not known, although faulty wiring is suspected. As a result of the fire, Athena is required to temporarily move her retail operations to a nearby location. Her friend has to find a new place to live." 34 What type of insurance coverage will respond to Athena's loss? Assume Athena discovers that she is not covered for the full extent of her losses. Must Athena absorb the uninsured portion of the loss, or does Athena have any other options? Explain. What steps should Athena take to ensure that she has optimal insurance coverage? Athena Aristotle operates a retail clothing store in West Vancouver. The store is located on the bottom floor of a building owned by Athena, One of Athena's friends rents the top floor for a residence. Recently, Athena suffered major property damage when a three-alarm fire destroyed her building. The cause of the fire is not known, although faulty wiring is suspected. As a result of the fire, Athena is required to temporarily move her retail operations to a nearby location. Her friend has to find a new place to live." 34 What type of insurance coverage will respond to Athena's loss? Assume Athena discovers that she is not covered for the full extent of her losses. Must Athena absorb the uninsured portion of the loss, or does Athena have any other options? Explain. What steps should Athena take to ensure that she has optimal insurance coverage?
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Athenas losses can be covered by property insurance coverage However the cause of fire is f... View the full answer
Related Book For
Modern Systems Analysis And Design
ISBN: 9780134204925
8th Edition
Authors: Joseph Valacich, Joey George
Posted Date:
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