Question: please show all work and give explanation. Application Question :-4. A costume rental and sales company that has stores in ten large cities includ- ing

Application Question :-4. A costume rental and sales company that has stores in ten large cities includ- ing New Orleans and Hollywood ships costumes from all of its stores to New Orleans before Mardi Gras and to Hollywood when it receives contracts to supply film productions. Describe the benefits that blanket insurance for the store's personal property would provide in ensuring adequate coverage for its costumes. Application Question 5-4. Describe the appropriate Insurance Services Office, Inc. (ISO) commercial property endorsement for each of these coverage requests. a. The insured is a foundry that is seeking coverage for damage to its equip- ment that would result from an off-premises power interruption. (The damage would result from molten metals cooling and hardening in the foundry's receptacles before being poured or formed.) b. A wholesale florist wants to cover spoilage of his cut flowers in the event of either an off-premises power interruption or a breakdown of his refrigera- tion equipment
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
