E owns a sporting goods store that is covered under a building and Personal Property Coverage Form. The $100,000 limit of liability on the building satisfies the policy’s Coinsurance Clause. If the building suffers a fire loss of $80,000, and there is also a $15,000 loss for debris removal, how much will E’s insurer reimburse E?

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E owns a sporting goods store that is covered under a building and Personal Property Coverage Form. The $100,000 limit of liability on the building satisfies the policy’s Coinsurance Clause. If the building suffers a fire loss of $80,000, and there is also a $15,000 loss for debris removal, how much will E’s insurer reimburse E?

a. $80,000

b. $100,000

c. $95,000

d. $94,750

Answer: C

You should now have gotten the answer to your question “E owns a sporting goods store that is covered under a building and Personal Property Coverage Form. The $100,000 limit of liability on the building satisfies the policy’s Coinsurance Clause. If the building suffers a fire loss of $80,000, and there is also a $15,000 loss for debris removal, how much will E’s insurer reimburse E?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.