Question: Central Warehousing, Ltd. has a small office building on 1st Ave. During the current policy year, there were three loss events at the 1st Ave.
Central Warehousing, Ltd. has a small office building on 1st Ave. During the current policy year, there were three loss events at the 1st Ave. building: In February, a $2,500 computer was stolen; In April, a fire started in a waste basket in one of the conference rooms, spreading throughout the room before the sprinkler system put it out, resulting in $5,000 in damage; and in November, Jordan Roberts, a Central customer, fell on the ice that the building's custodian neglected to salt after an early snow storm, incurring injuries which she agreed to settle for $12,000. Central's CEO has asked you to look over the insurance policy to determine how much Central will receive in indemnity for these losses.
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Central Warehousing Ltd will receive 17500 in indemnity if the policy has a 2000 straight ... View full answer
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