Question: Please help me with this question. Thank you! Assuming that one month equals 30 consecutive days, and also assuming no coinsurance problems, what additional amount
Sally owns a restaurant and purchased business income insurance with a limit of $500,000 and the Extended period of Indemnity (EPI) optional coverage. The EPI optional coverage replaced the 60 days of the Extended Business Income (EBI) additional coverage with 90 days of EPI. Within the policy period. Sally's restaurant suffered a fire that caused a total suspension of operations resulting in a $300.000 loss of business income during the period of restoration. After the restaurant was repaired and resumed its operations, it incurred an additional reduction of its normal business income amount to $40.000 per month for 180 consecutive days. Assuming that one month equals 30 consecutive days, and also assuming no coinsurance problems, what additional amount will Sally's insurer pay for the restaurant's loss of business income occurring after the restaurant resumed operations Sally owns a restaurant and purchased business income insurance with a limit of $500,000 and the Extended period of Indemnity (EPI) optional coverage. The EPI optional coverage replaced the 60 days of the Extended Business Income (EBI) additional coverage with 90 days of EPI. Within the policy period. Sally's restaurant suffered a fire that caused a total suspension of operations resulting in a $300.000 loss of business income during the period of restoration. After the restaurant was repaired and resumed its operations, it incurred an additional reduction of its normal business income amount to $40.000 per month for 180 consecutive days. Assuming that one month equals 30 consecutive days, and also assuming no coinsurance problems, what additional amount will Sally's insurer pay for the restaurant's loss of business income occurring after the restaurant resumed operations
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